Hong Kong Property Stocks Soar as Home Prices Recover
(Bloomberg) -- Hong Kong real estate stocks climbed to an all-time high on Friday as a gauge of home prices jumped the most in 11 months, adding to signs that the world's most expensive property market is rebounding from a nearly six-month slump. The city's benchmark real estate stock index has surged more than 30 percent from its October low, buoyed by declining global borrowing costs, signs of economic recovery in China and seven straight weeks of rising home prices.
To contact the reporter on this story: Shawna Kwan in Hong Kong at wkwan35@bloomberg.net
To contact the editors responsible for this story: Katrina Nicholas at knicholas2@bloomberg.net, Matt Turner, Michael Patterson
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