Home rents in Hong Kong have continued to fall amid the city’s deepening recession, with leases for the largest category of houses or flats hitting the lowest in almost 10 years.The index of rents for residential property measuring 160 square metre (1,722 sq ft) or above fell 1.3 per cent in July, according to the latest data from the Rating and Valuation Department. The decline pushed the gauge to the lowest level since August 2010.“The current real estate market is very abnormal,” said Thomas…
Source : South China Morning Post
Read more…Home rents in Hong Kong continue to fall as landlords concede more yields amid recession
