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Hong Kong Property Boom Poised to End as Fed Preps for Rate Hike

The U.S. Federal Reserve is likely to succeed in reining in home prices where Hong Kong's government has failed and property investors in one of the world's most expensive real estate markets are already bracing for a slump. The Fed is expected to raise interest rates by June at the earliest, its first monetary tightening measure since 2006. If history is anything to go by, Hong Kong's monthly residential real estate sales could plunge more than three-fold when that...

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