Moody’s Investors Service added itself to the chorus of voices predicting a dramatic fall in Hong Kong’s property prices on Wednesday, as a separate survey showed almost half of Hongkongers agree.
Home prices and sales of new homes will drop by up to 15 per cent in the next 12 to 18 months, taking them back to the level they were at in the fourth quarter of last year, according to the credit ratings agency.
“Emerging cases of price cuts from the secondary market of 15 to 20…
Source : South China Morning Post
Read more…Moody’s sees Hong Kong home prices tumbling … half of Hongkongers agree