Property News · May 29, 2020

Hong Kong home prices slip again, security law may to keep the lid on market recovery, analysts say


Hong Kong homes prices dipped in April, with analysts predicting the market to come under renewed pressure from Beijing’s controversial plan to impose a security law tailor-made for the recession-hit city.The index for used homes fell 0.13 per cent, according to data released by the Rating and Valuation Department on Friday. This reversed a 0.7 per cent gain in March. The gauge has now retreated 5.3 per cent from the peak in May last year.Cracks in Hong Kong’s housing market could widen in the…

Source : South China Morning Post
Read more…Hong Kong home prices slip again, security law may to keep the lid on market recovery, analysts say

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