Property News · February 28, 2020

Coronavirus: Hong Kong home prices extend decline in January with more pain in store as Covid-19 adds to economic gloom


Hong Kong’s home prices extended a drop in January as the coronavirus outbreak added to the gloom in the economy already reeling from the effects of social unrest in 2019. As the epidemic spreads, the market should brace of a steeper decline in February, according to Ricacorp Properties.An index of secondary market home prices fell 0.2 per cent to a three-month low of 378.2 in January, according to data released by the Rating and Valuation Department on Friday, following a 1.6 per cent loss in…

Source : South China Morning Post
Read more…Coronavirus: Hong Kong home prices extend decline in January with more pain in store as Covid-19 adds to economic gloom

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