HONG KONG: Hong Kong's private home prices eased 1.2 per cent in June, the second monthly decline in a row, as more property developers launched new flats at steep discounts to boost sales. The fall last month in one of the world's most expensive property markets followed a revised 1.
FILE PHOTO: Cable cars move past residential flats at Lantau island in Hong Kong, China May 30, 2018. Picture taken May 30, 2018. REUTERS/Bobby Yip/File PhotoHONG KONG: Hong Kong's private home prices eased 1.2 per cent in June, the second monthly decline in a row, as more property developers launched new flats at steep discounts to boost sales.
Home prices have lost steam in May after rising for two months in a row thanks to the lifting of all property purchase curbs, as realtors said much of the pent-up homebuying demand has been sated. Realtors expected prices would continue to soften until banks in the city start to cut interest rates.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ukraine asks Hong Kong not to let Russia circumvent sanctionsHONG KONG: Ukraine's Foreign Minister Dmytro Kuleba on Thursday (Jul 25) visited Hong Kong and called on its leader John Lee to prevent Russia from using Hong Kong as a way to circumvent Western sanctions imposed on Moscow for its full-scale war in Ukraine.
Read more »
Hong Kong’s first online shopping festival banks on mainland Chinese consumersThe August event will promote local brands on Chinese platforms like Taobao amid weak economic sentiment.
Read more »
Cordlife subsidiaries in Hong Kong, Malaysia obtain re-accreditationsIt has been grappling with the financial impact of refunding customers in Singapore for damaged cord-blood units.
Read more »
Hong Kong court rejects Jimmy Lai’s bid to drop security chargesThe pro-democracy tycoon is accused of conspiring to collude with foreign forces to destabilise Hong Kong.
Read more »
Heavenly King Andy Lau to stage four shows at Singapore Indoor Stadium in OctoberThe Hong Kong star last performed in Singapore in 2019 for his My Love world tour.
Read more »
Illicit chip flows to Russia seen slowing, but China, Hong Kong remain transshipment hubsHONG KONG/WASHINGTON — Semiconductors and other restricted goods shipped through China and Hong Kong to fuel Russia's war effort fell by a fifth this year previously undisclosed US Commerce Department data shows, but Hong Kong remains a global sanctions evasion hotspot.
Read more »