Hong Kong Property Prices Plunge For 8 Straight Weeks



Posted by Ed 48 days ago

A new report from Centaline Property, a research firm providing private data on the property market in Hong Kong, has shown property prices are experiencing their worst downturns since late last year during the global growth scare, which sent global equity markets crashing.


Centaline's report said property prices in the city have plunged for eight straight weeks, mostly tied to an extreme economic deceleration in the region as macroeconomic headwinds continue to increase.


The Central Plains City Index (CCL) is a monthly leading index that tracks property prices in Hong Kong. Regional investors use CCL to track the changing trend of the Hong Kong property market.



Ed 48 days ago

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