Home prices in Hong Kong are likely to increase this year, extending a multi-year uptrend as the city’s economic rebound brightens the employment market and offset the dampening effect of emigration, according to JPMorgan Chase.Residential prices could gain 5 to 10 per cent despite a blip in the latter half of 2021, the US bank said, adding that still-low borrowing costs will support buying demand. The chance of the Hang Seng Index rebounding is higher than a further decline, according to the…
Source : South China Morning Post
Read more…JPMorgan sees higher home prices from Hong Kong’s recovery as a buyer snares an apartment at the uber-expensive Mount Nicholson address
