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Secondary home prices in Hong Kong retreated from a two-week climb.

The Centaline Property Agency's price tracking Centa-City Leading Index fell by 1.46 percent from a week ago to 178.48 points. CCL for small and medium units fell by 1.65 percent, from the previous week. The index tracking large-scale real estate was also down by 0.4 percent week-on-week.

The agency said that the index fell significantly, reflecting the market's general concern that social events may escalate, and some small owners took advantage of high property prices to sell.

(Source: The Standard)


 


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