The Hang Seng Index rises 0.4 for each penny, or 105.80 focuses, to close for lunch at 29,969.51
Hong Kong home costs ascend for a twentieth straight month as pads continue setting new records
Hong Kong's auxiliary home costs ascended for a twentieth straight month in November, as condos kept on offering for record sums over the city.
The home value list edged 1.07 for each penny higher to 347.0, as per information discharged by the Rating and Valuation Department on Friday. That contrasted and a pick up of 0.73 for each penny in October.
Hong Kong Penny Stocks Trading Signals: "Because of restricted units on offer in the optional market, merchants won't offer unless they got ultra high buy offers. That clarify the explanations behind units sold at record costs in different lodging estates,"s help Derek Chan, head of research at Ricacrop Properties.
On Wednesday, a 617 square-foot unit at Sunshine City, Ma On Shan, changed hands for HK$9.28 million, or HK$15,041 per sq ft, the most astounding as far according to the square foot, as per Rice crop.
A 1,280 sq ft duplex at Kingswood Villa in Tin Shui Wai, near Hong Kong - Shenzhen outskirt, sold for a record HK$13.6 million amid the Christmas occasion, operator said.
Hong Kong Stocks Signals: "Home costs ascended for a twentieth straight month is the longest uptrend cycle since the legislature began discharging its home value list in 1993," said Chan, "Hong Kong home costs likewise continue breaking the record for a thirteenth straight month in November."
The longest 'record-breaking" cycle has been gone on for 17 back to back months, he said.
As indicated by government information, home value list set a new record each month for the period between June 2014 to October 2015.