Hong Kong's August home sales hit 17-month low
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Hong Kong
HONG KONG monthly home sales were the weakest in 17 months in August, as a deepening stock market rout that began in China hurt sentiment among homebuyers.
The city sold 3,896 residential units last month, about one-third fewer than a year earlier, according to government data on Wednesday. The value of sales dropped by 26 per cent to HK$31.1 billion (S$5.7 billion) from a year earlier.
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