Property market brakes price records for 13th straight month in Hong Kong

Property market brakes price records for 13th straight month in Hong Kong

In November, in Hong Kong, private home prices managed to break historic records for the 13th straight month, with the ascent demonstrating no immediate indications of ending and experts expecting the surge to continue into 2018.

In November, private home prices tacked on by 1.08%, thus marking the fastest tempo of surge for six months. The index that started its ascend in April last year, rallied 13.1% year-on-year.

Hong Kong’s flats are considered to be the second most expensive around the globe after Monaco. As follows from a report unveiled by property consultancy Knight Frank, in Hong Kong US$1 million would only purchase 200 square feet of prime property, versus 270 square feet in New York and 320 in London.

Carrie Lam, Hong Kong leader Carrie Lam told during an interview that the government is unable to suppress property prices. However, she added she would try to spur supply.

 

 

 

Similar

Earnings Season is In Focus
Earnings Season is In Focus

Several largest American companies will publish their financial results this week. BTCUSD and XAUUSD are skyrocketing. What's going on in the markets?

Can XAUUSD Move Higher?
Can XAUUSD Move Higher?

The dollar's status as the world's reserve currency could only be recovered if the US controls its spending. The huge budget deficit and rising interest rates on the US national debt should scare every American, analysts say. Read the full report to learn more!

Latest news

The Yen Sets New Lows
The Yen Sets New Lows

The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!

BlackRock CEO Supports The USD
BlackRock CEO Supports The USD

BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera