UBS eyes higher China/HK property prices through 2010

The property markets of China and Hong Kong will experience significant price gains throughout the rest of 2009 and into 2010, according to a UBS forecast. Thanks in large part to global money supply, ample China liquidity and poor returns on bank deposits, UBS believes Hong Kong's homes and offices will rise 32% and 29% respectively between June 2009 and December 2010, while China's home prices will increase 20% over the same period. Eric Wong, head of Asia real estate research at …