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Steps taken by Hong Kong authorities to rein in their roaring property market appear to working....

Steps taken by Hong Kong authorities to rein in their roaring property market appear to working. Weekend sales of homes fell 83% from the previous week after stamp duties and down payment requirements were raised. Property developer Cheung Kong Holdings (CHEUY.PK) fell more than 3% and Midland Holdings, the city's largest realtor, fell by 15%.
Comments (1)
  • Hint: Assuming these steps were not secret, buyers stepped up activity prior to implementation and that skews comparisons.

     

    Week on week? We can't get monthly activity reports until two months after the activity.
    22 Nov 2010, 08:12 AM Reply Like
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