Economics

Hong Kong Property Prices Are Bouncing Back

Hong Kong property is coming back. After declining about 10% since August, home prices have started rising again.(Source: Bloomberg)

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By Shawna Kwan

March 12, 2019 at 3:01 AM UTC

Updated on

March 12, 2019 at 7:38 AM UTC

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Hong Kong property prices are bouncing back.

Henderson Land Development Co. raised the average price for a new batch of apartments at The Vantage in Kowloon by about 10 percent, a price list shows. The move is well-founded -- demand is rising with developers selling more units in the first 11 days of this month than all of February, according to Midland Holdings Ltd.