HKMA Says New Home Supply to Fall This Year From Year Ago

Hong Kong’s new home supply is expected to fall “slightly” this year from 2010, the Hong Kong Monetary Authority said in its half-yearly report today.

The housing market has showed “signs of weakening” recently on goverment measures and uncertainties in global economic outlook, it said.

To contact the reporter on this story: Sophie Leung in Hong Kong at sleung59@bloomberg.net

To contact the editor responsible for this story: Marco Lui at mlui11@bloomberg.net

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