Property News · March 31, 2020

As coronavirus outbreak, containment measures weigh on sector, Hong Kong home prices record biggest drop in 15 months


Hong Kong home prices had their steepest drop in 15 months in February, and are expected to decline by up to 20 per cent from a peak in June 2019 by year-end amid the coronavirus pandemic.An index of used home prices dropped 2.1 per cent last month, according to the city’s Rating and Valuation Department, its biggest monthly drop since December 2018. The decline also extended a three-month slide in home prices.The drop might widen to a more “serious” 2.5 per cent to 3 per cent in March, said…

Source : South China Morning Post
Read more…As coronavirus outbreak, containment measures weigh on sector, Hong Kong home prices record biggest drop in 15 months

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