Property News · October 9, 2018

Hong Kong commercial property and housing markets face slowdown as trade war, souring sentiment bite


Hit by factors that include the escalating trade war between China and the United States, shop rents in Hong Kong’s Central district could drop by up to 10 per cent this year, growth in overall office rents could ease further and home prices might drop by 40 per cent in two years, according to analysts.
Demand for retail property in Central was consistently weak, with vacancy rates rising to 7.1 per cent this quarter from 4.3 per cent in the April to June period, according to consultancy…

Source : South China Morning Post
Read more…Hong Kong commercial property and housing markets face slowdown as trade war, souring sentiment bite

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