Asia

Hong Kong home price rise likely to be short-lived

Hong Kong secondary property prices rose 1.6% in Q2, but analysts predict the rebound could prove short-lived.

Prices had fallen 4.8% in the prior quarter, the figures from the Rating and Valuation Department showed. Prices are 11% off the September peak.

Increased supply is one of the hurdles facing the sector. More than 18,000 new units are expected to be completed this year.

Click here for the full Bloomberg article

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