REAL ESTATE
Times Staff and Wire Reports
Hong Kong Property Slump Lingers: A halting recovery in the housing market may crimp the country’s economic growth well into 1996, analysts say. This year, the economy is expected to grow 5%, its slowest in five years. Housing prices have fallen by a third in the past 18 months. Commercial property prices are also down. The decreases have been linked to rising interest rates and government measures to curb real estate speculation.
