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
Read more…Hong Kong home prices squeezed higher amid frenzied weekend sales















