Bubble Territory, But 1997 Repeat Unlikely

November 2010
Asia Monitor: China & North East Asia Monitor;Nov2010, Vol. 17 Issue 11, p1
Country Report
The article reports on the outlook for the property market for 2010-2011 in Hong Kong, China. It does not expect a collapse similar to the 1997 bursting of property bubble despite the anticipated decline in property prices in 2011. It forecasts the moderation of prices by 10% to 20% in 2011. It predicts that the key drivers behind the surging prices such as low interest rates and rising incomes will further the decline in the prices.


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