Property News · January 3, 2018

Supply of new flats in Hong Kong to more than meet demand this year, but concerns remain on the horizon


Property buyers in Hong Kong will have plenty of choices this year as total supply of new flats will touch 35,000, with small units widely tipped to do well, despite rising prices and an anticipated increase in mortgage rates, according to market watchers.
“Flats costing less than HK$6 million (US$768,000) will be popular among first-time buyers,” said Vincent Cheung, deputy managing director for Asia valuation and advisory services at Colliers International.
Most of the new supply…

Source : South China Morning Post
Read more…Supply of new flats in Hong Kong to more than meet demand this year, but concerns remain on the horizon

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