HK house prices ex­tend record run

New Straits Times - - Business / World -

Hong Kong’s red-hot house prices ex­tended their record-break­ing run in June, al­though the pace of growth slowed, un­der­scor­ing the chal­lenges the city’s new leader faces in rein­ing in prices in one of the world’s most ex­pen­sive prop­erty mar­kets. An apart­ment of less than 200 sq ft can cost as much as US$500,000

(RM2.14 mil­lion) in the for­mer Bri­tish colony, mak­ing the prospect of own­ing a house a dis­tant dream for many res­i­dents.

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