Property News · January 31, 2019

Hong Kong home prices fell by 2.4 per cent in December, says Rating and Valuation Department


The prices of homes in Hong Kong fell by 2.4 per cent in December, the city’s Rating and Valuation Department said on Thursday, slower than a drop of 3.2 per cent in November. The decline from a peak in July amounts to 9.2 per cent.
Shih Wing-ching, chairman of Hong Kong-based Centaline Property Agency, said home prices will first rise by 5 per cent to 6 per cent, and then drop by about 10 per cent. “The price at year-end will be lower than that in the beginning of the year.
“…

Source : South China Morning Post
Read more…Hong Kong home prices fell by 2.4 per cent in December, says Rating and Valuation Department

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