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Hong Kong Property Price Boom Seen Nearing End: Chart of the Day

Hong Kong’s decade-long increase in property prices is coming to an end as spending by mainland tourists declines and mortgage costs rise, according to UBS Group AG.

The CHART OF THE DAY tracks the city’s monthly rental gauge for shops and restaurants against a sales price index of the smallest apartments. Both measures were at record-highs in January, according to the most recent government data. The lower panel shows changes in Hong Kong’s retail sales, which sank 14.6 percent from a year earlier in January, the most since 2003.