Pursuits
Hong Kong Weekly Home Prices Surge by the Most in Seven Years
- Secondary home prices rose 2.5 percent from a week earlier
- Index is only 4 percent down from historical high last year
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Hong Kong secondary home prices surged by the most in seven years for the week ended Oct. 2, rising 2.5 percent, according to the Centaline Property Agency website.
The Centaline-City Leading Index, which measures transactions in the secondary market and doesn’t include sales of new homes, is now 4 percent down from its historical high reached in September of last year. Prices have rebounded from a low point in March.