Home prices to fall further, agents say

Estate agents believe home prices in Hong Kong could drop a further 5 per cent in the second half of the year, bringing the total decline for 2013 to around 10 per cent.

"Prices have already dropped by 4.5 per cent from the market peak in February due to the introduction of new stamp duties," said Midland Realty chief analyst Buggle Lau Ka-fai. "They could fall 5 to 10 per cent for the whole year."

via Business feed http://www.scmp.com/business/article/1258724/home-prices-fall-further-agents-say