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SINGAPORE-HONGKONG/PROPERTY
RTR3CI2F 
January 16, 2013 
An old residential building is seen in front of The Arch, a luxury high rise apartment, at Hong Kong's... 
Hong Kong, China 
An old residential building is seen in front of The Arch, a luxury high rise apartment, at Hong Kong's... 
An old residential building is seen in front of The Arch, a luxury high rise apartment, at Hong Kong's West Kowloon district January 15, 2013. Singapore and Hong Kong now have identical 15 percent levies to slow the foreign money that has added fuel to their overheated property markets - measures that will help first-time buyers but throw the spotlight on investors' next targets. The curbs on residential real estate purchases could shift demand to retail and industrial spaces, diverting billions of dollars to those sectors as well as to housing markets in the United States, Canada, Australia and Malaysia. Picture taken January 15, 2013. REUTERS/Bobby Yip (CHINA - Tags: REAL ESTATE BUSINESS) 
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