Property prices are down, developers to face a tough 2024
Funding costs rise in Hongkong where house prices expected to continue falling
Source: dunyanews.tv
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Funding costs rise in Hongkong where house prices expected to continue falling
With unsold stock of between 16,000 and 18,000 units, and new supply in the pipeline, about 45,000 new flats are likely to become available this year, says CBRE, roughly four times the number that sold in 2022.
Twelve developers are forecast to pay out a combined US$25.2 billion, an increase of 13.3 per cent from a year ago, says a report by S&P.