Homepage
PR Newswire
07-03-2014, 03:50 PM
When read into the detail, it is not as bad as expected...
HK home prices hit 7-month low as discounts bite
HONG KONG — Private home prices in Hong Kong dropped to a seven-month low in January, the government said yesterday, as the government’s property market cooling measures drove developers to offer discounts to attract buyers.
Hong Kong’s overall January home prices edged down 0.2 per cent from a month earlier to their lowest since June last year, the city’s Rating and Valuation Department said. Home prices in one of the world’s most expensive property markets have now fallen 0.7 per cent from last August’s high point, according to government data.
The 0.7 per cent figure comes at a time when many industry watchers are expecting a 10 per cent drop in Hong Kong’s home prices this year.
...
http://www.todayonline.com/business/hk-h...ounts-bite
HK home prices hit 7-month low as discounts bite
HONG KONG — Private home prices in Hong Kong dropped to a seven-month low in January, the government said yesterday, as the government’s property market cooling measures drove developers to offer discounts to attract buyers.
Hong Kong’s overall January home prices edged down 0.2 per cent from a month earlier to their lowest since June last year, the city’s Rating and Valuation Department said. Home prices in one of the world’s most expensive property markets have now fallen 0.7 per cent from last August’s high point, according to government data.
The 0.7 per cent figure comes at a time when many industry watchers are expecting a 10 per cent drop in Hong Kong’s home prices this year.
...
http://www.todayonline.com/business/hk-h...ounts-bite
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡