Property News · October 29, 2018

Negative equity returns to Hong Kong as small flats’ value drop by 20 per cent in a declining market


Scores of homeowners in Hong Kong are on the verge of falling into negative equity, with small flats in older buildings losing up to a fifth of their value in a matter of weeks.
Many people who bought flats in the last couple of months have seen their value decline by as much as 20 per cent, according to up-to-date estimates by HSBC, Hong Kong’s largest mortgage provider.
Hong Kong’s famously expensive property market has started to feel the strain lately from a fall in demand…

Source : South China Morning Post
Read more…Negative equity returns to Hong Kong as small flats’ value drop by 20 per cent in a declining market

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