IF Hong Kong real estate were a stock, investors might have reason to start getting worried. Home prices rallied this year, reaching within about 1% of their 2019 record before retreating in the first week of July, according to a widely followed index compiled by Centaline Property Agency Ltd.
That leaves the chart looking like the dreaded “triple top”, a bearish technical indicator in the equity market.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
