Property News · December 19, 2018

Falling land values indicate developers are pessimistic about Hong Kong property sector’s outlook


Hong Kong’s property sector is a bit downbeat these days. Buyers certainly aren’t willing to pay high prices and developers have reined in their land acquisitions after shelling out record sums earlier in the year.
And there is good reason for that. There is no end in sight to the US-China trade war, the stock market is behaving erratically, and to cap it all, interest rates are on the rise.
But who’s more pessimistic of the two? It’s clearly the developers, say market…

Source : South China Morning Post
Read more…Falling land values indicate developers are pessimistic about Hong Kong property sector’s outlook

You may also like...