Property News · October 15, 2020

Hong Kong residential rents face deeper correction, as fourth coronavirus wave, lay-off clouds gather


A deeper correction in Hong Kong’s residential rents lies ahead in the last quarter, property agencies said, as its economic outlook gets gloomier.Rents fell 1.2 per cent month on month in September to HK$34 (US$4.4) per square foot on average, and have declined by more than 10 per cent from a peak in July 2019, Centaline Property Agency, a major Hong Kong agency, said.Only two – Sceneway Garden in Kowloon and Taikoo Shing on Hong Kong Island – out of the 10 most popular residential estates…

Source : South China Morning Post
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