The valuations of Hong Kong’s lived-in homes are expected to head south as a fifth Covid-19 wave linked to the Omicron variant takes hold and deals plunge because of fewer viewings, brokers said.Banks may reduce valuations by 1 to 2 per cent in February and by another 1 per cent next month, with midscale estates like Kornhill Garden and Taikoo Shing expected to bear the brunt.“The valuations will head south in February, as home prices in late January dropped and may be down this month too,”…
Source : South China Morning Post
Read more…Hong Kong lived-in homes see valuations drop as fifth Covid-19 wave takes hold
