Photographer: Billy H.C. Kwok/Bloomberg

Hong Kong's Housing Market Looks Like It's Avoided a Bust

  • Hang Seng Properties Index has climbed 18% from January low
  • Developer rallies typically foreshadow real estate prices

Hong Kong homeowners could be forgiven for fearing the worst. In a city notorious for its real estate booms and busts -- including a 70 percent tumble triggered by Asia’s financial crisis in the late 1990s -- property prices are once again sliding from all-time highs.

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