Hong Kong March home prices up 1.1%, first rise in nearly a year

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Hong Kong March home prices up 1.1%, first rise in nearly a year
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Two youths charged with second degree murder | SaltWire #newsupdate #halifax #police #newstodayHONG KONG - Hong Kong's private home prices reversed a 10-month falling streak in March, climbing 1.1% from February, after the financial city lifted curbs to boost the ailing property market.

In late February, Hong Kong removed all additional stamp duties for foreign and second home buyers, as well as on those selling flats within two years of buying them, and the property market immediately celebrated with a jump in transactions. Realtor Cushman & Wakefield said housing prices have bottomed, but a significant rebound is unlikely due to economic uncertainties amid a high interest rate environment.

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