Hong Kong took a new step this week to let some air out of its real estate bubble, levying a heavy tax on property flippers — a move that has already sent asking prices there downward. But Hong Kong’s real estate risks are dwarfed by those in Mainland China.
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Can Hong Kong Cool Off Its Hot Real Estate Bubble? originally appeared on DailyFinance on Mon, 22 Nov 2010 11:35:00.
Filed Under: Economy, Investing, Real Estate, Currency