HKMA Acts On Property Prices, More Action To ComeOctober 2009 | Economic Analysis
The Hong Kong authorities have begun to take action to cool the island's roaring property market. With further cooling measures likely, we note that our 2010 real GDP growth forecast of 2.4% could face downside risks. That said, prudent action to prevent a burgeoning bubble would be to the benefit of Hong Kong's medium-term economic health.
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