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IMF: Adjustments of HK property prices necessary

It also says govt can consider easing some cooling measures when prices fall more significantly
Tuesday, April 29, 2014 - 06:00
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Pricey homes: Hong Kong's housing market has become one of the most expensive in the world due to an influx of capital from China and record low interest rates. - THE STRAITS TIMES FILE PHOTO

[HONG KONG] The International Monetary Fund (IMF) said yesterday Hong Kong property prices were set to see adjustments following years of boom. The city's housing market has become one of the most expensive in the world - prices have more than doubled since 2008 - due to an influx of capital