Hong Kong Existing-Home Prices Drop to Six-Year Low

Hong Kong’s existing-home prices dropped to the lowest level since April 2017 in the latest sign of an extended slump in the city’s residential property market.

Used home prices fell 1.2% in the week ending Oct. 15 compared to a week earlier, according to Centaline Property Agency Ltd. Its price index tracking secondary housing transactions is at a six-year low and has wiped out a gain from the first half of 2023.