Property News · March 25, 2020

Can Hong Kong’s free-falling real estate market avoid the cliff, as deep-pocketed Chinese tourists and companies stay away?


Eric Pau, senior associate director at one of Hong Kong’s biggest real-estate agencies, vividly remembers the last time a global pandemic brought the city’s property market to its knees.A 23-year-old property salesman at the Amoy Gardens housing estate in Kowloon Bay in 2003, Pau said he could feel the panic spreading through the neighbourhood when 321 of the 19,000 residents in the estate’s 19 apartment blocks caught the severe acute respiratory syndrome (Sars).“Nobody would go and view flats…

Source : South China Morning Post
Read more…Can Hong Kong’s free-falling real estate market avoid the cliff, as deep-pocketed Chinese tourists and companies stay away?

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