Hong Kong is not known for being cheap — except, perhaps, for plastic toys in the 1980s. At the opposite end of the spectrum sits Hong Kong property. Shoebox dwellings of 170 sq ft can cost up to $400,000.
With those sums in mind, Hong Kong property stocks might look oversold. After falling 30 per cent since last June, Barclays says shares in developers including Henderson Land
and Sun Hung Kai Properties anticipate property price declines of up to one quarter.
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