Property News · June 29, 2017

Will Hong Kong home prices fall 30pc in next 12 months?


Hong Kong home prices, already the world’s highest, have shown signs of easing with more experts predicting that the market could reach a turning point in the third quarter of the year.
Industry watchers expect home prices to fall as much as 30 per cent in the next 12 months.
“We have seen rising default cases in the past couple of weeks as a result of credit tightening by banks,” said Alfred Lau, a property analyst at Bocom International.
The correction would deepen should…

Source : South China Morning Post
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