Here's a piece in Bloomberg on the ongoing falls in Hong Kong property prices
- A nearly 11 percent drop in housing prices since their September high (quoting Centaline Property Centa-City Leading Index
- In the latest sign of Hong Kong's property correction, a piece of land sold by the government in the New Territories sold for nearly 70 percent less per square foot than a similar transaction in September
More at Bloomberg
Bloomberg have been carrying these reports from HK for a few months now, this jus the latest