HONG KONG (Reuters) - Hong Kong private home prices eased 1.12% in July from June, the third monthly fall in a row, official data showed on Tuesday, as ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSHONG KONG - Hong Kong private home prices eased 1.12% in July from June, the third monthly fall in a row, official data showed on Tuesday, as homebuyer sentiment was deterred by rising interest rates and a weak economic outlook.
Home prices have retreated again since May after a short-lived bounce early this year from a 15% decline in 2022. The industry has been urging the government to relax more property market curbs to stimulate transactions, but the government has repeatedly said it was not an appropriate time for more adjustments with property prices still relatively high amid a housing shortage.
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