The prices of lived-in Hong Kong homes have now declined 3.22 per cent after peaking in May. In April, they advanced 3.59 per cent over March. Photo: May Tse
The prices of lived-in Hong Kong homes have now declined 3.22 per cent after peaking in May. In April, they advanced 3.59 per cent over March. Photo: May Tse

November rise in Hong Kong used home prices proves to be short-lived

  • Sales of used homes jumped to a six-month high of 5,336 transactions in November
  • Increase driven largely by a relaxation in the city’s mortgage policy

The prices of lived-in Hong Kong homes have now declined 3.22 per cent after peaking in May. In April, they advanced 3.59 per cent over March. Photo: May Tse
The prices of lived-in Hong Kong homes have now declined 3.22 per cent after peaking in May. In April, they advanced 3.59 per cent over March. Photo: May Tse
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