RESIDENTIAL PROPERTY | Staff Reporter, Singapore

Hong Kong's luxury home prices up 8.1% in Q2

The market could see prices continue the uptrend.

Knight Frank's Prime Global Cities Index revealed that Hong Kong’s luxury residential prices grew 8.1% during the second quarter of 2017 compared with a year ago, a faster growth rate compared with the first quarter.

Knight Frank said the growth seen in Hong Kong is foreseen to continue its uptrend.

"We expect luxury residential prices to continue to go up due mainly to the limited supply of such flats," it noted.

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