Property outlook robust – The Standard

Hong Kong’s home prices and rents are expected to continue rising in the second half despite higher mortgage rates and other external factors.

Ricacorp Properties said yesterday that as of last Friday, there were 64,342 deals in the housing market in the first half – an 11-year high – driven by a 27 percent jump in sales in the secondary market to 56,468 units totaling HK$187.6 billion, a 48 percent increase over the previous year.

SOURCE: The Standard – Hong Kong’s First FREE English Newspaper.

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