Rents in Hong Kong fell for the first time in 22 months in February, but analysts said the decline was likely to be temporary on account of a lull in leasing activity because of the Lunar New Year holiday last month.
Average apartment rents dropped 1.4 per cent to HK$35.9 per square foot in February from HK$36.4 per sq ft in January, according to figures from Centaline Property Agency, based on deals in 107 private housing estates.
Rival Midland Realty’s data, based on deals in…
Source : South China Morning Post
Read more…Hong Kong rents snap 22-month increase in February, but upward trajectory likely to resume
