Hong Kong property shares tumbled - the Hang Seng property index -3.7% - after the government...

|By:, SA News Editor

Hong Kong property shares tumbled - the Hang Seng property index -3.7% - after the government imposed a tax on overseas homebuyers to try and cool the real estate market. "Some worry if these measures work, they'll hurt property sales ... if they don't work, it'll prompt more measures," says an analyst. TAO +40.8% YTD.