Hong Kong SME Business Index Declines Further in August
Zhongyuan: In August, Hong Kong's top ten districts recorded 136 transactions, a slight increase of 3% compared to the previous month. The market expects interest rate cuts to bring a turning point to the real estate market.
In August, Zhongyuan Real Estate recorded 136 transactions in the top ten districts of Hong Kong, a slight increase of 3% compared to the previous month. As for the price per square foot, 8 districts saw a decrease in price, ranging from 0.5% to 6.9%. Among them, the price per square foot in Lihongcheng decreased by 6.9% compared to the previous month.
Hong Kong Stocks Drift Higher on US Rate Outlook; Chinese Banks Hit Record Peaks
Hong Kong's Jobless Rate Unchanged at 3% in May-July Period
At the end of July, the composite interest rate of the Hong Kong Monetary Authority was 2.58%, a decrease of 4 basis points compared to the previous month.
On August 19th, the Hong Kong Monetary Authority announced the composite interest rate as of the end of July 2024.
Hong Kong's Unemployment Rate Hits 3% in Three Months Ended July