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Even in the absence of the buying restrictions, a healthy supply and elevated interest rates mean the city’s infamously expensive house prices are unlikely to return to the kind of breakneck growth seen in the past, analysts say.
The Swiss investment bank expects home prices to decline by 10 per cent in 2024 as high interest rates dent demand and an abundance of housing stock boosts supply.
Builders hope to clear inventory amid an uptick in market sentiment after the relaxation of some stamp duties, but will need low prices to draw buyers in an overall negative environment, consultants say.
Https://amp.scmp.com/business/article/3231883/hong-kong-property-fire-sale-eric-chu-selling-hotel-luxury-flats-after-wife-truong-my-lan-arrested Now a...
Hong Kong property developers saw the lowest sales since 2019 for new residential units completed as expensive borrowing costs weigh on the ...