Hong Kong property deals hit 7-month high, but December slowdown looms

Quick Summary:

Some 7,689 real estate transactions worth US$8.2 billion were completed last month, according to the Land Registry.

Optimism returned to the property market following a half-point reduction in interest rates in September, which was further boosted by the easing of mortgage rates for homebuyers and investors in October.

Some 7,689 real estate transactions worth US$8.

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Article Details

Author / Journalist: Cheryl Arcibal

Category: Business

Markets: Hong Kong

Topics: Property Month Cent November Likely Interest Transactions Market Rose Slowdown According

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-03 @ 18:54:09 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 224 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 32 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 24090805

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