Property News · August 21, 2018

Hong Kong’s home prices will plunge by 15 per cent in 12 months, says investment bank


Hong Kong home prices will drop 15 per cent over the next 12 months, investment bank CLSA said, joining an increasing number of financial institutions predicting drops in the world’s most unaffordable housing market.
“Hong Kong’s property market is having its worst combination of fundamentals in 15 years with rising interest rates, a slowing economy and depreciating yuan,” wrote Nicole Wong, regional head of property research at CLSA, in a report released on Monday….

Source : South China Morning Post
Read more…Hong Kong’s home prices will plunge by 15 per cent in 12 months, says investment bank

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