Property News · July 24, 2018

Supply glut will weigh on rents in Hung Hom, Tsuen Wan, Tseung Kwan O and Kai Tak districts


Investors who bought new apartments in the Hong Kong districts of Hung Hom, Tsuen Wan, Tseung Kwan O and Kai Tak about three years ago face intense competition for tenants, as thousands of apartments are due for delivery and this could lead to a fast and sharp decline in rents, agents said.
An abundant supply of completed apartments will become available for leasing in these areas, particularly tiny apartments, said agents.
Those who invested in the 1,008-unit Upper East development in Hung Hom…

Source : South China Morning Post
Read more…Supply glut will weigh on rents in Hung Hom, Tsuen Wan, Tseung Kwan O and Kai Tak districts

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