Hong Kong Home Sellers Reduce Asking Prices Aug. 18

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Aug. 18 (Bloomberg) -- Bloomberg's Paul Allen reports on the outlook for Hong Kong property prices. Hong Kong home values, which surged 70 percent in the past two-and-a-half years and outperformed stocks, are set for their biggest decline since Lehman Brothers Holdings Inc. collapsed in September 2008 as land supply increases and global growth slows. (Source: Bloomberg)


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