Property News · December 31, 2019

November rise in Hong Kong used home prices proves to be short-lived


The prices of lived-in Hong Kong homes rose in November after five months of declines, the city’s Rating and Valuation Department said on Tuesday.But the 1.78 per cent increase, driven largely by a relaxation in the city’s mortgage policy, has proved to be short-lived, property agents said after December recorded declining numbers.Prices in Hong Kong’s secondary market jumped to 384.1 last month, according to an index compiled by the Rating and Valuation Department.“It is the sharpest growth in…

Source : South China Morning Post
Read more…November rise in Hong Kong used home prices proves to be short-lived

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