HONG KONG -- Property prices are falling in Hong Kong, with price cuts spreading for high-rise luxury apartments. The development partly suggests that affluent people in mainland China, who have sent real estate prices in Hong Kong soaring, are turning their investment away from the city to Japan and other overseas destinations.
Property
Hong Kong high-rise apartment prices fall as China's rich look abroad
Greater flow of funds into Japan, other countries likely to continue for some time
Property prices are falling in Hong Kong. © Reuters
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