Is Hongkong housing market boom over?
Hong Kong
HONG KONG'S property boom is quietening down, according to Credit Suisse Group AG.
The brokerage projects home prices in the city will rise 3 per cent this year, compared with 13 per cent in 2017, as the risk of higher interest rates and increasing housing inventory grows.
Faster supply of new units will suppress price growth in the "mid-to-long run", said analyst Susanna Leung, advising investors favour developers with strong sal…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
DBS puts 46 HDB shops, private strata retail units on market for S$210 million
US mortgage rates jump above 7% for the first time this year
Far East Shopping Centre back on market at unchanged S$928 million asking price
London mansions sold at 30% discount spell gloom for luxury market
Delfi Orchard up for collective sale at S$438 million guide price
US existing home sales drop in March; median price increases