| Journal Call no. | HC497.H6H45 |
|---|---|
| Article Title | Outlook for the residential property market. |
| Is Part Of | Hang Seng economic monthly ; Sep/Oct 1995, p.1-4, illus. |
| Abstract | Prices of residential properties in Hong Kong have declined by around 20% since their peak in the second quarter of 1994. The downturn was triggered by prohibitively high prices and rising interest rates. With sentiment still being affected by the government measures to curb speculation, restrictive bank lending policies and rising unemployment, the market is unlikely to stage any strong recovery in the short term. |