HK property prices to grow at a slower rate in H2 2017: Colliers

Hong Kong

HONG Kong property prices are expected to continue to grow in the second half of 2017 but at a slower pace, leading global real estate services company Colliers International said in its mid-year review released on Wednesday.

Overall property prices are likely to be driven up mainly by the office market, where prices have increased with year-to-date growth of 5.7 per cent - 6.6 per cent up on Hong Kong Island and 4.2 per cent in Kowloon - on the back of stronger-than-expected economic growth in the first-half of the year.