Property News · April 7, 2020

Prices and rents of Hong Kong’s tiny flats to fall this year as coronavirus-driven uncertainty hits demand amid oversupply


The prices and rents of Hong Kong’s tiny flats – those measuring less than 215 sq ft – are expected to fall this year as the coronavirus pandemic continues to weigh on the city’s property sector, affecting demand amid a surfeit of supply, analysts said.Last year, 982 such flats were completed in the city, according to data from the Transport and Housing Bureau. That shows a 72 per cent increase from the 571 flats completed in 2018 and a more than tenfold increase over 2015, when only 79 were…

Source : South China Morning Post
Read more…Prices and rents of Hong Kong’s tiny flats to fall this year as coronavirus-driven uncertainty hits demand amid oversupply

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