Property News · November 26, 2021

Hong Kong’s secondary home prices fall by the most in 14 months in October as banks turn cautious on valuations


Hong Kong’s lived-in home prices dropped by the most in 14 months in October after peaking in August, with buying sentiment cooling as banks become more cautious in valuating property.Prices fell 0.85 per cent to 394.8 last month, according to an index published by the Rating and Valuation Department on Friday.It was the sharpest drop since August 2020 when it retreated by 0.88 per cent, according to property consultancy Knight Frank. It was the second consecutive monthly decline since the…

Source : South China Morning Post
Read more…Hong Kong’s secondary home prices fall by the most in 14 months in October as banks turn cautious on valuations

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