Property shares in Hong Kong slid to one-month lows on Thursday morning as fresh strong economic data out of the US added to fears of an interest hike next month that would weigh on home prices.
The weak trading sentiment for the property sector follows recent reports by three investment banks predicting a drop in home prices in the world’s least affordable home market. Prices have risen for 27 straight months, but CLSA predicts they will drop 15 per cent over the next 12 months.
Three…
Source : South China Morning Post
Read more…Property shares slide in Hong Kong to one-month lows as interest rate worries grow















