Property News · September 28, 2018

Hong Kong’s August home prices mark first drop in 28 months as world’s priciest market reaches tipping point


Hong Kong’s prices of lived-in homes fell in August, marking their first decline since March 2016, as a combination of forced supply and higher mortgage rates pushed the world’s most expensive residential property market to its much-anticipated tipping point.
The city’s Rating and Valuation Index, that tracks the prices of used homes, dropped by 0.6 point to 393.9 last month, from 394.2 a month earlier, according to data by the Rating and Valuation Department.
That marks the…

Source : South China Morning Post
Read more…Hong Kong’s August home prices mark first drop in 28 months as world’s priciest market reaches tipping point

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