Property News · December 12, 2019

Hong Kong’s recession-hit economy weighs on rents for a fourth consecutive month in November, set to fall further


Rents for residential property in Hong Kong will continue to decline over the next few months as a weakening economy raises concerns over employment, market observers said.The average rent fell 1.6 per cent last month from a year earlier to HK$36 (US$4.6) per square foot – the lowest since May, according to data from Centaline Property Agency on Wednesday.Between August and November, rents fell by 5 per cent as the anti-government protests escalated and the city’s economy entered a technical…

Source : South China Morning Post
Read more…Hong Kong’s recession-hit economy weighs on rents for a fourth consecutive month in November, set to fall further

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