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Economy

Hong Kong property market anxious over US, China factors

HONG KONG -- With the U.S. Federal Reserve looking to taper its monetary easing and economic growth starting to slow in China, Hong Kong's real estate market could be in for a difficult year.

     Hong Kong Chief Executive Leung Chun-ying, also known as CY Leung, announced the government's administrative policies for 2014 on Wednesday, with no major changes made to the housing policy. This came as a reassurance to the real estate industry, which had been worried about the possibility of a tighter policy to hold down prices. However, concerns over external factors remain.

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