Jul
31
Hong Kong Housing Rebound May Be Short-Lived, Analysts Say
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Short-term sentiment buoyed by equity markets, dovish Fed
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Nomura’s Gao expects prices to fall up to 35% from peak levels
Hong Kong’s secondary property prices rose in the second quarter, marking a pause in a correction that analysts said may resume amid higher supply and weaker demand.
Secondary property prices advanced 1.6 percent in the three months ended June 30, compared with a drop of 4.8 percent in the prior three months, according to figures released Friday by the Rating and Valuation Department. Analysts from Nomura Holdings Inc., CIMB Securities Ltd. and CLSA Ltd. are among those predicting that the rebound would be short-lived…
Hong Kong Housing Rebound May Be Short-Lived, Analysts Say
