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Hong Kong (CNS) Divine women.-- The Centa-City Leading Index (CCL), the gauge of the pre-owned housing market in Hong Kong, went down moderately last week, ending a four-week uptrend, according to data released Thursday.
The CCL index eased to 123.45 in the week of March 18 to 24, down slightly from 123.66 during the week of March 11 to 17.
Up to 95 percent of local respondents said housing prices in Hong Kong are too high, according to a survey conducted last week by the Chinese University of Hong Kong.
In order to cool the overheated property market, the local government has raised interest rates and extended the existing Special Stamp Duty set in 2010. The Buyer's Stamp Duty, a 15 percent additional duty, was introduced last October. A double stamp duty was also put into effect last month to further strengthen control of the market.
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