Hong Kong Home Prices Tumble 2.1 Percent
"); jQuery("#212 h3").html("
"); });
2020-03-31 HKT 13:45
Share this story
Hong Kong home prices have fallen for a third consecutive month, with the drop most notable for small and medium-sized flats.
Government figures show that private flat prices in February slid 2.1 percent month-on-month. But they were still one percent higher than they were a year ago.
Flats smaller than around 1,075 square feet sold for almost 2.2 percent less last month compared to January, while the price of larger flats rose 0.2 percent.
The price of luxury flats rose 2.4 percent, but there were fewer than 20 transactions.
Rents snapped a five-month downward trend, with a month-on-month increase of half a percent last month.
US Stocks Rise On Hopes Of Pause In Rate Increases
Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more
China's Financial Risks 'controllable': Regulators
The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more
Banks Cut Yuan Deposit Rates, Could Boost Consumption
China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more
Cheese And Wine Put EU, Australia Deal In Peril
Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more
US Stocks End Mixed As Tech Shares Are Sold Off
Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more
Amazon 'plans Prime Video Streaming Service With Ads'
Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more