Hong Kong home prices soften again in June, down 1.2%

Quick Summary:

More property developers launched new flats at steep discounts to boost sales.

In late February, Hong Kong removed all additional stamp duties for foreign and second-home buyers, as well as for those selling flats within two years of buying them.

The fall in June in one of the world’s most expensive property markets followed a revised 1.3 per cent drop in May from April, official data showed on July 29.

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Article Details

Category: EconomyBusiness

Markets: SingaporeHong Kong

Topics: June Hong Cent Property Soften Second Month Easing First Kong Prices

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-29 @ 14:14:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 450 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 20 words per sentence (average)

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

Copyright Owner: © The Straits Times

News ID: 21819646

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Main Topics: EconomyBusiness

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