Hong Kong home prices decline for fifth month in Sept

Quick Summary:

HONG KONG: Hong Kong's home prices dropped for the fifth consecutive month in September, official data showed on Tuesday, in a struggling property market that realtors expect to bottom out soon after an interest rate cut and the government's easing policies.

The former British colony scrapped the extra stamp duty for foreign buyers in February.

Realtors said much of the pent-up demand has been sated, while property developers launched new flats at steep discounts to boost sales.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaHong Kong

Topics: Home prices Interest rate /Business/Business News Property

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 13:45:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 345 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23319766

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 3 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 23 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #22

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