Hong Kong and Beijing Real Estate Markets Face Challenges Amidst Economic Slump
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#664879c2 ver:0.34

Despite economic challenges, Hong Kong's real estate market shows signs of recovery with modest increases in street-front shop rents. Retail shop rents are predicted to rise less than 5% in the second half of 2024. Hong Kong's economy is projected to slow to 1.7% in Q2 due to high interest rates. Singapore plans to release a significant supply of private housing to tackle rising rents. Mumbai and Delhi see increases in prime residential prices. Hong Kong's government halts commercial land sales to stabilize the market. The Housing Authority implements rent adjustments to support low-income earners. Hong Kong authorities crack down on public housing abuse. The light public housing program receives nearly 10,000 applications. In Beijing, retailers resist rent increases amidst an economic slump. #HongKong #RealEstate #Economy #Singapore #Mumbai #Delhi #Beijing...

#newstr #HongKong #Beijing #RealEstate #RentalMarket #HomePrices #HomeSales #Mumbai #SingaporeHousingMarket #PublicHousing #RetailTenants 

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