Market Chatter: Hong Kong Private Housing Completions Surge Eightfold in June

MT Newswires Live08-07

Private housing completions in Hong Kong jumped nearly eightfold month-on-month in June to 2,637 units, rebounding from just 330 units in May and ending a two-month decline, The Standard reported Wednesday, citing data from the Rating and Valuation Department.

According to the report, the jump brought the first-half total to 10,063 units, up 42% from a year earlier and marking the highest level for a first half in three years.

The completions accounted for 48% of the government's full-year estimate of 20,862 units, the report added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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