Property News · June 9, 2017

Hong Kong home prices seen falling by half in 10 years, says Deutsche Bank


Home prices in Hong Kong could fall by nearly half over the next 10 years as a rapidly ageing population coupled with rising supply of new flats will dent demand, according to a report by Deutsche Bank.
“We expect vacancy to surge to 9 per cent, from 4 per cent now, and average selling price to slide 48 per cent by 2026 from current level,” wrote property analyst Jason Ching.
As the population ages, fewer households will be able to stretch their mortgages to the maximum tenure of 30…

Source : South China Morning Post
Read more…Hong Kong home prices seen falling by half in 10 years, says Deutsche Bank