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1.Market Observations, 8.Was Sticky

8 Oct 2018 (AFR) – Hong Kong home prices fall for the first time in 29 months

(8 October 2018, AFR, p36, Reuters)

‘Hong Kong private home prices fell in August for the first time in 29 months and are expected to soften further as interest rates rise and the Sino-US trade war clouds the outlook for the city’s economy. Prices eased 0.076 per cent last month from July, government data showed. While slight, it marked the first decline since March 2016, a cooling sign for one of the world’s more expensive property markets. Still, prices have surged 11.7 per cent so far this year, and rocketed 16 per cent year-on-year, according to Reuters’ calculations based on an index compiled by Hong Kong’s Rating and Valuation Department.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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