Hong Kong house prices reach record high
28 July 2015 - 4:00PM
Property
Housing prices have reached a record high,
according to the Rating and Valuation Department.Values rose more
than 20 per cent year-on-year in May 2015, Knight Frank’s latest
market overview notes, boosted by strong demand: the volume of new
home sales surpassed 8,700 for the first half of 2015.This positive
market sentiment is encouraging deevelopers to become increasingly
active, with the government’s aim of boosting supply seeing three
residential sites released for sales in the coming three months.
Despite stock levels increasing, though, prices are expected to
continue to rising.
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