Property News · December 6, 2018

Hong Kong micro flats will bear the brunt of price slump, says CK Asset executive


Micro-flats, once all the rage in Hong Kong because of their affordability, would bear the brunt of the city’s property price slump, said an executive of CK Asset Holdings, one of the city’s biggest developers.
Executive director Justin Chiu Kwok-hung forecast that prices for tiny flats could tumble as much as 30 per cent next year as demand dries up.
Chiu said “in his personal view” that prices of such units, with a size of less than 200 square feet or smaller than a…

Source : South China Morning Post
Read more…Hong Kong micro flats will bear the brunt of price slump, says CK Asset executive

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