Hong Kong May Face Property Bubble If Prices Keep Rising, HSBC’s Wong Says

Posted by property | Posted in Real Estate | Posted on 03-08-2010-05-2008

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Hong Kong May Face Property Bubble If Prices Keep Rising, HSBC’s Wong Says
Hong Kong may experience a property bubble if home prices keep rising, said Peter Wong , HSBC Holdings Plc ’s chief executive officer for the Asia-Pacific region.
Read more on Bloomberg

County’s highest property taxes are in its poorest cities
Working-class communities such as Compton, San Fernando, Maywood and Bell pay higher property tax rates than residents of wealthier coastal cities, records show. Struggling to balance their budgets with meager tax bases, some of Los Angeles County’s poorest cities charge their residents the highest property tax rates.
Read more on Los Angeles Times

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