Property News · April 14, 2020

Hong Kong home rents are declining so fast, some investors might not recover mortgage payments


Some investors who bought property in Hong Kong during a mid-2019 peak in prices might not even recover their monthly mortgage payments, as rents continue their headlong dive, industry experts said.Average rents have fallen in Hong Kong for eight consecutive months now – a decline totalling 10.6 per cent up until last month. Of this, a decline of 4.2 per cent was recorded over just the past two months, during the Covid-19 outbreak, according to data from Centaline Property Agency.The outbreak…

Source : South China Morning Post
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