Hong Kong’s secondhand home prices dropped the most in eight months as property developers lured buyers to the primary market with a series of new projects at competitive prices.
Home values fell 1.5 percent in the week ended April 7 compared to a week prior, the largest decline since August, according to data from Centaline Property Agency Ltd.
That marks a reversal from the consecutive price growth in the previous three weeks, following the Hong Kong government’s removal of property curbs.
https://www.thestandard.com.hk/breaking-news/section/4/215296/Hong-Kong-used-home-prices-see-biggest-plunge-in-eight-months