HK home prices hit record high for fifth straight month
Latest data shows March prices rising 2.07 per cent month on month and 17.8 per cent year on year
Sat, Apr 29, 2017 - 5:50 AM
Home prices in Hong Kong have more than quadrupled since 2003, while the median monthly household income has risen 61 per cent. The government expects the private market to provide some 96,000 units in the next three to four years.
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...