HK home prices hit record high for fifth straight month

Hong Kong

PRIVATE home prices in Hong Kong, one of the least affordable places in the world, hit a record high for the fifth month in a row in March, extending their year-long surge, according to government data released on Friday.

Cooling Hong Kong's red-hot property market will be one of the top priorities for incoming leader Carrie Lam, who takes office in July and has vowed to tackle the city's high housing costs.