{"id":136949,"date":"2021-08-27T04:50:44","date_gmt":"2021-08-27T04:50:44","guid":{"rendered":"https:\/\/precoinnews.com\/?p=136949"},"modified":"2021-08-27T04:50:44","modified_gmt":"2021-08-27T04:50:44","slug":"hong-kong-home-prices-rise-for-7th-month-near-record-high","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/hong-kong-home-prices-rise-for-7th-month-near-record-high\/","title":{"rendered":"Hong Kong home prices rise for 7th month, near record high"},"content":{"rendered":"

HONG KONG (Reuters) – Hong Kong private home prices rose 0.46% in July, official data showed on Friday, just short of a record high, supported by strong pent-up demand and hopes that mainland Chinese buyers will soon return.<\/p>

FILE PHOTO: Cable cars move past residential flats at Lantau island in Hong Kong, China May 30, 2018. Picture taken May 30, 2018. REUTERS\/Bobby Yip<\/figcaption>

The prices in one of the most expensive property markets gained for the seventh month in a row, according to last month\u2019s data, and compared with a revised 0.1% increase in June.<\/p>\n

Realtors expect the price index, which stood at 396.3 in July, will break the 396.9 record posted in May 2019 in the third quarter.<\/p>\n

\u201cA high turnover in the market is positive for buyers\u2019 sentiment,\u201d said Thomas Lam, executive director of Knight Frank. \u201cThe buying power can persist into end of year.\u201d<\/p>\n

According to an index of realtor Centaline that tracks the secondary home market, prices broke a historical high in early August, before softening 0.5% in the following week.<\/p>\n

The realtor said potential buyers were now turning more cautious to chase after record high prices.<\/p>\n

Another real estate agent, Midland, expects overall home prices could rise at a slower pace until the border with mainland China reopens.<\/p>\n

In a survey published last month, Midland, who interviewed 1,112 people, said the percentage of respondents showing their willingness to buy a property and buying for investment both reached the highest levels, and 51% of respondents said they expected prices to rise in the next six months.<\/p>\n

Hong Kong\u2019s one-month interbank rate, which many mortgage rates are linked to, stayed at over 11-year lows and also helped to support the market.<\/p>\n

($1 = 7.7812 Hong Kong dollars)<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

HONG KONG (Reuters) – Hong Kong private<\/p>\n","protected":false},"author":3,"featured_media":136948,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"\nHong Kong home prices rise for 7th month, near record high - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/hong-kong-home-prices-rise-for-7th-month-near-record-high\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hong Kong home prices rise for 7th month, near record high - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"HONG KONG (Reuters) – Hong Kong private\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/business\/hong-kong-home-prices-rise-for-7th-month-near-record-high\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-27T04:50:44+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/08\/Hong-Kong-home-prices-rise-for-7th-month-near-record-high.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/business\/hong-kong-home-prices-rise-for-7th-month-near-record-high\/\",\"url\":\"https:\/\/precoinnews.com\/business\/hong-kong-home-prices-rise-for-7th-month-near-record-high\/\",\"name\":\"Hong Kong home prices rise for 7th month, near record high - 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