Home prices in Hong Kong fell for a fifth month in October after an escalation in anti-government protests kept investors at bay despite efforts by the government to shore up the market, the latest official report today shows.
Prices of homes in the secondary market fell by 1.3 per cent on average, according to an index compiled by the Rating and Valuation Department. The slide brings the rout since the end of May to 5.2 per cent, reflecting the turmoil in the city’s ranked as the world’s…
Source : South China Morning Post
Read more…Hong Kong home prices extend rout in October as protests escalated and economy mired in recession















