Property News · February 13, 2019

Brace for a 20 per cent decline in Hong Kong home prices, says senior director of CK Asset


Hong Kong home prices could be headed for a multi-year downtrend that knock valuations by up to 20 per cent, prompting major developers to slash prices for new homes along with the sliding market, according to a senior executive at CK Asset Holdings, the second largest developer in Hong Kong by capitalisation.
CK Asset executive director Justin Chiu Kwok-hung said on Tuesday that home prices could drop 10 per cent this year and by up to 8 to 10 per cent next year, amid simmering trade tensions…

Source : South China Morning Post
Read more…Brace for a 20 per cent decline in Hong Kong home prices, says senior director of CK Asset

You may also like...