HONG KONG property is coming back. After declining about 10% since August, home prices have started rising again. The world’s least affordable housing market may even be prepping for another boom.
Green shoots have included increased viewings at project sales and revived interest in government land auctions, with a plot in the northern New Territories selling for a higher price than analysts expected last month. The Centa-City Leading Index of second-hand home prices is up more than 1% from its recent low after gaining for three consecutive weeks.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
