Property News · December 13, 2019

Hong Kong’s luxury homes to see price declines of up to 20 per cent next year amid fewer mainland buyers, says JLL


Luxury property prices in Hong Kong will decline by up to 20 per cent next year after falling 4.7 per cent in this year, as Beijing continues to maintain capital controls and China’s economy feels the impact from the US-China trade war, according to international property consultancy JLL.“The economic slowdown in mainland China and Hong Kong will dampen housing demand, particularly in the luxury residential market that relies on demand from China,” said Joseph Tsang, chairman of JLL in Hong…

Source : South China Morning Post
Read more…Hong Kong’s luxury homes to see price declines of up to 20 per cent next year amid fewer mainland buyers, says JLL

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