Hong Kong's Home Prices Drop in First Full Week After Property Curbs Lifted [BNN Bloomberg (Canada)]
Colliers International Group Inc. - Subordinate Voting Shares (CIGI)
Last colliers international group inc. - subordinate voting shares earnings: 4/28 07:00 am
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Source: BNN Bloomberg
Existing home prices fell 0.8% in the week ended March 10 from a week earlier, according to the Centa-City Leading Index. The drop comes despite a rebound in home transactions following the policy change. Values are now down more than 2% since the beginning of the year. As part of its budget released late last month, the city's government removed measures originally designed to cool housing prices. Hong Kong's real estate market has suffered from the worst slump in more than two decades, as high interest rates deter buyers. While sales volume is now rising, the industry will remain under pressure due to an abundant supply of apartments in both firsthand and secondary markets, as well as expensive borrowing costs, according to analysts. Colliers International Group Inc. expects prices to recover in the fourth quarter when some of the inventory is absorbed. In recent launches, property developers have discounted their projects to lure buyers. Wheelock Properties Ltd. is currently
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- Colliers International Group Inc. (NASDAQ: CIGI) had its price target lowered by analysts at Scotiabank from $140.00 to $135.00. They now have a "sector outperform" rating on the stock.MarketBeat
CIGI
Earnings
- 2/8/24 - Beat
CIGI
Sec Filings
- 4/10/24 - Form 6-K
- 4/2/24 - Form 6-K
- 3/26/24 - Form 144
- CIGI's page on the SEC website