Hong Kong home prices slump to the lowest level in 8 years, but rents rise

Quick Summary:

Secondary home prices fell 1.7 per cent in September, while rents rose 0.1 per cent month on month.

On Sunday, all 198 units in Echo House, a joint venture between Chinachem Group and Urban Renewal Authority in Cheung Sha Wan, were fully sold out on the day of the launch.

The stimulus measures appear to be taking effect, with new projects getting a good response from homebuyers.

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Article Details

Author / Journalist: Cheryl Arcibal

Category: Business

Markets: Hong KongChina

Topics: According Cent Data Latest Month September Fell Hong Prices Rents Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 12:00:06 (3 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 270 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 25 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 23361081

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Official Website: scmp.com

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