Hong Kong, once the world’s hottest real estate market, slipped to 22nd spot in 2018. Photo: Sam Tsang

Hong Kong slips to 22nd spot globally in home price inflation as property curbs bite, survey finds

  • Hong Kong tumbles from the world’s hottest market as home price gains ease to 5.8 per cent last year, according to Knight Frank’s global index
Topic |   Hong Kong property

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Hong Kong, once the world’s hottest real estate market, slipped to 22nd spot in 2018. Photo: Sam Tsang
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Chief Executive Carrie Lam (centre) attends the ground breaking for the youth hostel alongside Henderson Land pair, vice-chairman Martin Lee Ka-shing (left), and chairwoman Margaret Choi. Photo: K.Y. Cheng

New hostel to provide 1,700 cut-price places for Hong Kong’s youth, but they will have to drop public housing bids to get a spot

  • New HK$1.4 billion development in Yuen Long targeted at 18 to 30 year olds
  • Flats will be available from HK$2,000 per month, but tenants can only stay for five years
Topic |   Hong Kong housing

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Chief Executive Carrie Lam (centre) attends the ground breaking for the youth hostel alongside Henderson Land pair, vice-chairman Martin Lee Ka-shing (left), and chairwoman Margaret Choi. Photo: K.Y. Cheng
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