Property News · March 21, 2017

Hong Kong home prices squeezed higher amid frenzied weekend sales


Hong Kong home prices were squeezed higher as investors snapped up new flats at weekend sales, boosting home sales to a nine-month high.
More than 1,000 new homes were purchased between Friday and Sunday at a trio of sales events by major developers.
“It shows investors do not want to hold cash. As inflation is rising, people prefer holding assets instead,” said Louis Chan Wing-kit, the Asia-Pacific chief executive of Centaline Property Agency’s residential department.
He said…

Source : South China Morning Post
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