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HK finance chief warns potential buyers of property risk

Paul Chan tells them to be "very careful" taking on mortgages

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"One has to be very careful if one really wants to buy a property in Hong Kong," says Mr Chan.

Hong Kong

HONG Kong's financial secretary Paul Chan warned potential buyers to be careful buying property in the world's most expensive housing market, as moves by the Federal Reserve to unwind its balance sheet may shrink money supply.

Mr Chan warned in June that Hong Kong's

sentifi.com

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