Property News · July 18, 2018

First sign of relief as analysts forecast Hong Kong’s residential property fever to break in second half


Hong Kong’s runaway home prices may finally see some cooling in the second half, according to analysts.
Residential home prices are likely to drop 7 per cent in the July to December period, as new supply launches and a downbeat stock market weigh on confidence, according to Citibank, the first major financial institution to call for the onset of a correction this year.
However, it is not clear whether prices will end up in negative territory for the year, as home prices rocketed 13 per…

Source : South China Morning Post
Read more…First sign of relief as analysts forecast Hong Kong’s residential property fever to break in second half

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