| Abstract | Residential and office property prices and rentals in Hong Kong generally firmed in the July-September quarter 1996, according to the latest Vigers/Bridge Hong Kong property Index. Hong Kong's transformation from a manufacturing base to a service-base economy continued to weigh on the industrial property sector, which saw prices falling for the seventh consecutive quarter. While high-tech industries may stay in Hong Kong, forecasts show that the industrial sector will continue its decline, with more and more industrial sites being redeveloped into offices. |
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