Hong Kong home prices edge up but pressure remains

HONG KONG: Hong Kong private home prices reversed a fall in March to edge up 0.4%, as bargain-hunting drove transaction volumes to a four-month high, but analysts cautioned the improvements did not signal the market was bottoming out.

The March rise compared to February’s revised figure of a drop of 1.5%, government data showed yesterday, sending prices in one of the world’s least affordable property markets back to the level of a year ago.