Feb
26
Hong Kong Existing Home Prices Rise to Record, Defying Curbs
By-
Low borrowing costs, pent-up domestic demand also drive market
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Prices have rebounded 16% since bottoming out 11 months ago
Hong Kong’s existing home prices have climbed to a record, fueled by a surge in demand from local buyers and investors despite taxes and mortgage curbs designed to rein in prices.
The Centaline Property Centa-City Leading Index, which tracks sales in the secondary market, rose to 147.74 for the week ended Feb. 19, surpassing the previous high of 146.92 reached in September 2015. The index has rebounded 16 percent since home prices bottomed at the end of March…
Hong Kong Existing Home Prices Rise to Record, Defying Curbs