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Business

Home prices rise in Hong Kong

Published: 29 Oct 2013 - 04:37 am | Last Updated: 29 Jan 2022 - 11:57 pm

This long exposure picture shows apartment buildings and office blocks clustered tightly together in Hong Kong’s Kowloon district yesterday. Home prices in the crowded city have risen by 120 percent since 2008, and by more than 30 percent from their previous peak in 1997, with prices in the luxury market being pushed up by wealthy buyers from mainland China.