Hong Kong’s lived-in home prices fell in December to complete three straight years of setbacks, as geopolitical and inflation risks clouded the prospects for more interest-rate cuts by global central banks. Prices in the secondary market declined 0.65 per cent last month, following gains in October and November, according to data published by the Rating…
More foreign property investors in the Greater Bay Area are likely to sell off assets this year amid lingering uncertainties in the real estate market in mainland China. Analysts attributed the expected sales to escalating geopolitical tensions and lower investment yields as the area’s commercial property market is plagued with oversupply. Speculation about China Vanke’s…
The outlook for Hong Kong’s residential market is divided among analysts, with one consultancy forecasting prices to fall amid oversupply concerns, while two others expect prices to rise because of falling interest rates and improved stock market performance. Property consultancy JLL expects home prices to fall by up to 5 per cent, even as rivals…
Former Hong Kong leader Leung Chun-ying has raised concerns about the risks of oversupply in the property market after the government pledged to add more housing units from new large-scale development areas. “For now, there is a shortage of land and housing supply in Hong Kong, but in the future, more supply is not always…