Property News · October 5, 2020

Hong Kong’s home rental market faces tough fourth quarter as recession makes redundancies more likely


Hong Kong’s residential leasing market will be under pressure in the last three months of this year as the traditional low season coincides with the worst recession in decades, property agents said.With many companies reliant on government handouts to stay afloat, more redundancies are likely in the next six months with obvious negative implications for local housing demand, according to Savills.“The rental market still seems precariously balanced as tenants and landlords face uncertain…

Source : South China Morning Post
Read more…Hong Kong’s home rental market faces tough fourth quarter as recession makes redundancies more likely

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