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Chinese developers' bet on HK looks misguided

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Standard & Poor's expects the HK market to get tougher in 2016, saying that average home prices, which have already fallen 11% since September, could be as much as 15% lower than last year.

Hong Kong

PRICES may be plunging but there are some who reckon real estate in Hong Kong is still a buy. Chinese developers, for instance.

On a pure macroeconomic level, it doesn't make a lot of sense, especially since the forecast in China is for rising real estate prices and...

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