More Hong Kong homes sell at a loss despite signs prices have bottomed: agents

Despite signs that Hong Kong property prices could have bottomed out and begun rebounding in August, market sources said at least 100 secondary residential homes were sold at a loss in September, up from at least 81 the previous month. Hong Kong’s property market dodged an immediate setback from the US Federal Reserve’s rate increase in September, and agents estimated that home prices could end the year 15 per cent higher than a year earlier. The positive trend, however, did not generally apply... [Image text:] 669 net.com 596905 96780 50m 8211980 FEEA 490' PROPERTY 509800 t 596'890 RASD 555'850 25600669 RESIDENCE FINNIE 270'690 FAD te 66895910m 710'1050 P SWIREPROPERTIES