Property News · November 2, 2018

Numbers of new private homes on Hong Kong market hit a 14-year high, as property prices continue to drop


The number of new private homes approved for sale in Hong Kong in the last quarter hit a 14-year record high after a market-cooling measure took effect in June, according to the government.
The news came as prices in the world’s most expensive property market continued to drop, with those of properties on the pricier Hong Kong Island suffering a bigger dip.
According to a paper provided to the Legislative Council’s housing panel on Friday, the Lands Department issued consent to…

Source : South China Morning Post
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