Hong Kong home prices rise 0.2% week on week

Nomura Research gives us the skinny

HONG KONG: BEFORE THE OPEN, 03Jun2013

Kai Tak redevelopment the new hotness; HK$200,000 screens as a gift; HK government all cashed up; Sell in May go away; All that glitters is not gold; Will LEGCO stay the course on property curbs?; Here’s what you need to know before the open.

Sell in May go away!

Nomura reports that mutual funds net sold US$82mm of equities in Hong Kong up from last week’s US$6mm outflow.

HKEJ

Nomura: Mutual funds net sellers of HK on the week

Recorded outflows of US$6mm, the week previous saw net inflows of US$25mm.

HKEJ

Nomura: HK home prices inch higher

From Hong Kong Business:

According to Nomura, home prices rose slightly by 0.1% w-w to 118.58. The CCL Index’s YTD gain remained at 2.4% and the index is still 4.2% below its intra-year peak of 123.66.

HONG KONG: CLOSING WRAP, 10May2013

Nomura: 2nd week of mutual fund outflows in HK

US$43mm outflows from Hong Kong this week.

HKEJ