Property News · October 16, 2018

Home owners and developers rush to cash in before further price falls


Hong Kong Chief Executive Carrie Lam Cheng yuet-ngor’s policy speech on housing on October 10, has bruised sentiment in the sector, with some owners now being reported to have shaved a whopping 30 per cent off their asking prices as a result.
Commentators say the free fall in stock markets, rising borrowing costs and the worsening US-China trade war has also spooked home buyers away from what remains the world’s most expensive property market.
And there was a markedly tepid response…

Source : South China Morning Post
Read more…Home owners and developers rush to cash in before further price falls

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