Property News · August 30, 2018

Expect home price deflation of 5 per cent among major Hong Kong housing estates in latest quarterly data, Midland says


Home prices at major housing estates are on track for a 5 per cent decline in the current quarter, reversing a rising trend that had seen prices gap up by double digits in the first half of the year, according to Midland Holdings, the city’s only listed property agency.
Midland chairman Freddie Wong Kin-yip said data for the September-ended quarter would likely reveal a new downtrend in prices amid growing economic and financial headwinds. He made the remarks at a media briefing before…

Source : South China Morning Post
Read more…Expect home price deflation of 5 per cent among major Hong Kong housing estates in latest quarterly data, Midland says

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