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HK developers hit by double whammy; stock rally fades in Nov

Friday, December 2, 2016 - 05:50
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Hong Kong's property market is poised for a leg down as higher borrowing costs and additional levies deflate demand.

Hong Kong

HONG Kong developer stocks have gone from being the top performers to the worst, slammed by home price curbs and the expectation of rate hikes following Donald Trump's win in the US presidential election.

Developers surged 11 per cent in the first 10 months of the year to