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Hong Kong's August home sales hit 17-month low

A day after the benchmark Shanghai Composite Index had its biggest tumble since 2007 on Aug 24, only four of 10 apartments in an auction of government quarters were sold.

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...

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