Why Hong Kong rents are hitting records while home price gains lose momentum

Hong Kong’s lived-in home prices fell 0.

8 per cent in the third quarter, their first quarterly decline after five quarters of gains, as a September rebound failed to fully offset a summer slowdown in the residential market. Prices rose 0. 19 per cent in September from August, marking a second consecutive monthly increase, according to data released by the Rating and Valuation Department on Wednesday. The index…