Property News · September 29, 2017

Hong Kong home prices rise for 17th straight month; HKMA warns on ‘uncertain’ outlook


Hong Kong’s secondary home prices rose for the 17th straight month in August, with the data set coinciding with a warning from the Hong Kong Monetary Authority of mounting uncertainties in the outlook for the residential market.
The city’s home price index increased 0.4 per cent to 339.0 in August, according to data on Friday from the Rating and Valuation Department, indicating an acceleration in price appreciation from earlier this year.
One property expert said the price gains…

Source : South China Morning Post
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