Property News · January 9, 2020

Average price of a new home in Hong Kong dropped by 25 per cent, or US$478,000, last year to lowest level since 2015 as protests killed demand


The average price of a new flat in Hong Kong fell by a quarter last year to the lowest level since 2015, as months of civil unrest battered market sentiment.The anti-government protests, which started in June and became increasingly volatile, deterred buyers and caused the price of a new home to drop by HK$3.72 million (US$478,226), or 25 per cent, according to real estate agency Ricacorp Properties.The average price was HK$10.87 million last year, after peaking at HK$14.59 million in 2018. In…

Source : South China Morning Post
Read more…Average price of a new home in Hong Kong dropped by 25 per cent, or US8,000, last year to lowest level since 2015 as protests killed demand

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