Government efforts to rein in Hong Kong’s soaring housing market appearing to be showing results. Home prices in the city fell last week, according to the Centa-City Leading Index, marking the first week-on-week easing after eight straight weeks of gains.
The index showed prices cooling an average 0.55% from a week earlier, paring the-year-to-date price gain to 21.7%. Nomura analysts said the price cooling is the first sign that government efforts to curb soaring real estate prices are beginning to have a meaningful impact………………………………………..Full Article: Source