Market Chatter: Hong Kong Rents Seen Posting Biggest Summer Gain in a Decade
MT Newswires Live
Jul 24
Hong Kong's rental housing market is on track for its biggest summer increase in a decade, Bloomberg News reported Thursday, citing property agencies.
Residential rents rose nearly 4% in the first half of the year from the preceding six months, according to Centaline Property Agency, the report said.
The gains are reportedly being driven by rising demand from mainland Chinese professionals, students and expatriates.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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