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HK home prices may fall 25%, says Merrill Lynch

Analyst points to increasing supply, chances of interest rates going up
Thursday, October 17, 2013 - 06:00

[HONG KONG] Hong Kong home prices will fall as much as 25 per cent from their peak as housing supply increases and the possibility of rising interest rates grows, according to Bank of America Corp's Merrill Lynch unit.Prices will drop 5 per cent this year and another 15 per cent in 2014, Raymond