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Hong Kong home price rise likely short-lived

Hong Kong secondary property prices rose 1.6% in Q2, but analysts predict the rebound could prove short-lived.

Prices had fallen 4.8% in the prior quarter, the figures from the Rating and Valuation Department showed. Prices are 11% off the September peak.

Increased supply is one of the hurdles facing the sector. More than 18,000 new units are expected to be completed this year.

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