Property News · July 9, 2019

Two Hong Kong banks cut valuation of used homes as civic unrest threatens to knock property bull run off its footing


Two of Hong Kong’s biggest commercial banks have cut their valuation of pre-owned homes in several housing estates in anticipation of declining prices, after the city was rocked over the past month by a record number of street protests.HSBC and Bank of China (Hong Kong), two of the city’s three currency printing banks, cut their valuations for used homes in the New Territories and Kowloon by up to 3.6 per cent, according to data on their websites.“Valuations have dropped as a result of the…

Source : South China Morning Post
Read more…Two Hong Kong banks cut valuation of used homes as civic unrest threatens to knock property bull run off its footing

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