Commercial property prices in Hong Kong, which have fallen nearly 25 per cent since the protests started a year ago, are now facing pressure from Beijing’s proposed plan to impose a national security law on the city. Now, buyers are seizing the opportunity to squeeze further discounts from sellers.“Buyers are for sure looking for deeper discounts in case the situation gets worse,” said Vincent Cheung, managing director of Vincorn Consulting and Appraisal. “Most buyers are now offering 30 per…
Source : South China Morning Post
Read more…Investors pile pressure on sellers of office units as they expect proposed national security law to depress prices further
