Memo to Hong Kong developers calling for the government to ease property curbs amid a slump in home prices: Don’t hold your breath.
Declines in the residential property market have to get a lot worse before Hong Kong’s lawmakers would consider rolling back measures they introduced more than five years ago to rein in prices, according to eight analysts and economists polled by Bloomberg News. On average, they estimate that home prices, which have fallen 13 percent from a September peak, will have to plunge another 19 percent before the government intervenes…
Hong Kong Home Prices Have Much Further to Fall Before Controls Are Eased
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