Property News · September 18, 2018

Hong Kong’s home sellers are cutting their property prices as interest rate increase looms


Growing numbers of Hong Kong flat owners are selling up for much less than offer prices – some at more than HK$7 million (US$890,000) below bank valuation – as a rise in interest rates looms next week.
According to the latest data from CLSA, the offshore arm of China’s biggest brokerage, between August 1 and September 6, at least 29 cases of low to mid-range properties were recorded as being sold for much less, 19 of them at below Hang Seng Bank valuations.
“[Homeowners…

Source : South China Morning Post
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