Property News · May 6, 2020

Hong Kong property prices to rise 5-10 per cent by year-end, Citi expects


Hong Kong home prices have bottomed out and are likely to rise between 5 and 10 per cent from this month up to the end of the year, as the Covid-19 outbreak in the city comes under control and economic activity picks up in its wake, according to Citi.“Home price should resume an uptrend once concerns on Covid-19 are gone,” Citi’s property analyst Ken Yeung wrote in a research note on Monday. “We generally expect below-average transaction volume will continue to accumulate pent-up demand in the…

Source : South China Morning Post
Read more…Hong Kong property prices to rise 5-10 per cent by year-end, Citi expects

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