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US investment bank JPMorgan said emigration has had little effect on Hong Kong’s housing market, and that home prices were on course to hit a new record in one month or two.
“The chances of breaking the record are very high, because home prices are just 1 per cent to 2 per cent from their peak,” said Cusson Leung, head of Asia property research at JPMorgan, in a note. Leung also said he expected prices will rise 5 per cent to 10 per cent this year.
Strong housing demand from local users in Hong . . .
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