Hong Kong home prices will drop in the second half of the year as buying demand softens, according to property consultants Colliers International.
Vincent Cheung, the firm’s deputy managing director of valuation and advisory services in Asia said purchasing power in the housing market had been very much consumed and flat demand would soften.
“There will not be much stress to property prices if the number of flats launched do not exceed 20,000. A healthy 5-per cent adjustment in the…
Source : South China Morning Post
Read more…Hong Kong home prices to fall in the second half as demand softens















