Property News · June 29, 2018

Is this the beginning of the end of the growth in Hong Kong’s runaway home prices?


The prices of lived-in homes in Hong Kong gained for a 26th straight month, but the rate of increase has slowed a bit, and is expected to slow even further in the second half after the government imposes a vacancy tax on empty flats.
An index of secondary-market home prices rose 6.3 points, or 1.67 per cent, to 382.6 in May, according to data released by the Rating and Valuation Department. That is slower than the 1.76 per cent gain in April.
Top advisers approve proposals for vacancy tax and…

Source : South China Morning Post
Read more…Is this the beginning of the end of the growth in Hong Kong’s runaway home prices?

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