House price rises slowing in Hong Kong!
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Residential property prices in Hong Kong are still rising after four years of continuous house price rises, but at a slower pace, amidst government efforts to cool down the housing market.
House prices rose by 9.7% year on year to end-October 2013 (5.19% inflation-adjusted), a sharp slowdown from the 22.11% year-on-year increase in October 2012 (17.64% inflation-adjusted), according to the Ratings and Valuation Department (RVD).
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