Hong Kong’s pre-owned housing market rips higher, as analysts warn of pause ahead

//Hong Kong’s pre-owned housing market rips higher, as analysts warn of pause ahead

Hong Kong’s pre-owned housing market rips higher, as analysts warn of pause ahead

The recent uptick in the secondary market where buyers kept snapping up homes costing less than HK$6 million (US$765,267) in major estates is expected to take a breather in coming weeks as prices near their previous peaks, analysts said.“The recent rise in home prices has been quite fast, accumulating solid increases. Also, a number of bargains in the market have been snapped up and homeowners have kept asking prices firm,” said Willy Liu, chief executive of Ricacorp Properties.Ricacorp said it…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2019-04-17T01:00:09+00:00 April 17th, 2019|Business|Comments Off on Hong Kong’s pre-owned housing market rips higher, as analysts warn of pause ahead