Property News · January 2, 2021

Hong Kong’s worst recession on record points to bleak outlook in 2021 for residential property and commercial real estate prices


The coronavirus pandemic will continue to weigh on all segments of Hong Kong’s property market this year. From mass housing to luxury residences, from offices to shops, no major segment will be spared from the recession and rising unemployment, analysts say.A straw poll of 20 analysts, agencies and developers by the South China Morning Post on housing prices in 2021 showed six expect them to drop, seven were unsure. Only seven predicted outright gains.“The uncertain economic and business…

Source : South China Morning Post
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