Property News · June 15, 2019

Bears gather as data shows Hong Kong home prices retreat for second week after peak in May


Hong Kong home prices were down for a second consecutive week through Sunday, after hitting a record at the end of May, evidence that may suggest a broader correction is underway, according to experts.The Centa-City Leading Index, a home price gauge compiled by Centaline Property Agency, showed prices for lived-in homes dropped 1.43 per cent to 186.26, for the week ended June 9.“The uptrend of home prices has been hindered,” said Wong Leung-sing, senior associate director of research at…

Source : South China Morning Post
Read more…Bears gather as data shows Hong Kong home prices retreat for second week after peak in May