Indicators
Hong Kong Home Prices Plunge Most Since 2016 on Higher Rates
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The slump in Hong Kong’s property market is accelerating as borrowing costs rise.
The Centaline gauge of secondary home prices fell 2% in the week ending Oct. 30 from the previous week, the most since March 2016, according to data released on Friday. The drop took the index to its lowest level since December 2017.