Is Hongkong housing market boom over?
Hong Kong
HONG KONG'S property boom is quietening down, according to Credit Suisse Group AG.
The brokerage projects home prices in the city will rise 3 per cent this year, compared with 13 per cent in 2017, as the risk of higher interest rates and increasing housing inventory grows.
Faster supply of new units will suppress price growth in the "mid-to-long run", said analyst Susanna Leung, advising investors favour developers with strong sal…
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