Hong Kong real estate hit hard



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Hong Kong real estate hit hard by global crisis 04 Dec 2008

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Creation Date: Wed, 25 Mar 2009 GMT

Hong Kong real estate hit hard by global crisis 04 Dec 2008

Hong Kong has long been a financial hub and a city of prosperity, but the global economic crisis has led to plunging prices and the devaluation of property.

Al Jazeera's Aela Callan reports on the city's once-booming property sector and provides forecasts as to when we could see a turn in the market.

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