Property News · October 12, 2018

Suddenly, there’s a tinge of fear among sellers in Hong Kong’s property market


Signs of a deepening slowdown are beginning to emerge in Hong Kong’s property market, with anecdotal evidence showing more homeowners and office space owners are slashing prices in a bid to exit the market, even as there’s few signs of a broad based downtrend.
A 282 square foot flat at Tak Bo Garden in Kowloon Bay sold on Tuesday for HK$4.33 million (US$552,496), or HK$15,355 per sq ft, 8.8 per cent cheaper than an equivalent sized flat in the same area that sold a week earlier. In…

Source : South China Morning Post
Read more…Suddenly, there’s a tinge of fear among sellers in Hong Kong’s property market

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