Property News · December 15, 2019

Hong Kong’s favourite speculative bet is burning investors as protests puncture bubble in parking lot prices


Six months of anti-government protests in Hong Kong have burst the bubble in the market for car parking spaces in the city as windfalls from flipping the asset evaporated and speculators were stung by losses in several transactions this year.The bet has lost its flavour with individual investors as demand crumbled along with a slump in prices for residential properties. Violent clashes and heightened trade war tensions have dogged the housing market through November, dragging the local economy…

Source : South China Morning Post
Read more…Hong Kong’s favourite speculative bet is burning investors as protests puncture bubble in parking lot prices