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The Standard thestandard.com.hk 15 Sep, 2021 19:30 am

Home price gains Asia's fastest

Home price gains Asia's fastest
Aiden He Two new projects with a total of 258 units will be put on the market this weekend after Hong Kong recorded the fastest rise in Asia...

Finance | 16 Sep 2021 Two new projects with a total of 258 units will be put on the market this weekend after Hong Kong recorded the fastest rise in Asia in the second quarter.According to Knight Frank, the rise in Hong Kong home prices is almost the fastest in Asia in the second quarter by about 2.Wong expects Hong Kong housing prices to set a new record in the third quarter and added that the low interest rate environment remains a solid factor for the sustainable longer-term price growth.Cushman & Wakefield also expects Hong Kong prices to progress steadily in the fourth quarter with room to rise by up to 3 percent despite a downward trend in transaction volume.

8 million to HK$8 million, or from HK$25,309 to HK$31,507 per sq ft, said Mark Hahn Ka-fai, general manager of the sales department.2 percent on average across 55 countries and territories year on year as of June, and 10 of the world's developed economies averaged price growth of 12 percent in the 12 months to June, double that seen in key developing markets at 4.

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