Property News · August 18, 2021

Hong Kong rents set to keep rising as record-breaking home prices force would-be buyers into leasing market


Rents in Hong Kong are poised to increase further as soaring house prices deter would-be buyers and push them into the rental sector, according to property analysts.The average price of a lived-in property hit a new high this month, according to a closely watched index. The price gauge of second-hand homes compiled by Centaline Property Agency soared to a record of 191.34 in the first week of August, surpassing the previous high from June 2019, just before Hong Kong’s street protests began to…

Source : South China Morning Post
Read more…Hong Kong rents set to keep rising as record-breaking home prices force would-be buyers into leasing market