HONG KONG - Hong Kong's overheated property market may be in for further cooling in the Year of the Pig with investors jittery about the global outlook, especially as simmering tensions between the United States and China drag on.
The city's private residential property prices have fallen by about 10 per cent on average since the peak in August last year, although some individual transactions rebounded, said Mr Tom Ko, executive director of capital markets at Cushman & Wakefield Hong Kong.
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