Property News · June 28, 2019

Hong Kong’s used home prices rose at a slower pace in May as escalating trade war deters buyers from big-ticket purchases


Prices of Hong Kong’s lived-in homes increased at a slower pace in May, as the escalation of the US-China trade war created uncertainty for the city’s business operations and investments, giving buyers a reason to hold back their big ticket purchases.The index of used homes rose by 1.4 percentage points to a record 396.8, according to data by the Rating and Valuation Department, slowing down from April’s increase of 3.2 percentage points. Last month’s data could be the start of another turning…

Source : South China Morning Post
Read more…Hong Kong’s used home prices rose at a slower pace in May as escalating trade war deters buyers from big-ticket purchases

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