Analysts forecast Hong Kong's red-hot property market to slow in second half of 2018

Private home prices rose about 12 per cent in the first half of 2018 exceeding S&P's estimates of 5 to 10 per cent for FY2018.
Private home prices rose about 12 per cent in the first half of 2018 exceeding S&P's estimates of 5 to 10 per cent for FY2018.PHOTO: REUTERS

HONG KONG - The red-hot property market in Hong Kong is expected to cool in the coming months with the growth in private home prices projected to slide in the second half of the year, providing a much-needed respite for buyers.

The projection by analysts come on the back of soaring private home prices in the city that about tripled in the past decade, making it one of the world's most expensive places to buy a home.

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