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Hong Kong Property Hits the Stratosphere
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Hong Kong Property Hits the Stratosphere

Our Correspondent
Nov 25, 2014
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Hong Kong Property Hits the Stratosphere
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The average price of a home in Hong Kong has reached a phenomenal 15 times annual family income, and there is probably more to come, with benchmark US interest rates remaining flat probably well into 2015 and possibly beyond, according to a new report by the Hong Kong-based Asianomics financial advisory firm.

That ratio of price to income is the highest …

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