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HONG KONG: Potential homebuyers priced out of Hong Kong’s stratospheric property market may now feel more hopeful as housing prices finally begin to cool after a bullish stampede lasting more than two years.
Prices for private homes in Hong Kong eased for the second straight month in September, dipping 1.4% from August, after more than doubling in price over the past decade fuelled by ultra-low interest rates, limited housing supply and large capital flows from mainland Chinese buyers.
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