Property News · December 12, 2018

Hong Kong property investors seek to lock-in gains as 20pc price drop spurs concerns on outlook


Some property investors are rushing to cash out amid fears of a further fall in Hong Kong home prices, a move that could accelerate the correction in selected housing estates.
Values have already plunged more than 20 per cent from recent highs, according to experts.
Examples of the double-digit price decline could be seen in Kingswood Villas in Tin Shui Wai, Park Island in Ma Wan, Residence Bel-Air in Pok Fu Lam and Caribbean Coast in Tung Chung.
“Home prices in Kingswood Villas have…

Source : South China Morning Post
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