HK property looks ‘precarious’, Macquarie

08-Jun-2012 Intellasia | Market Watch | 7:01 AM Print This Post

Hong Kong’s property market is at risk in the next six months of a sharp downturn in prices, Macquarie analysts said in research released earlier this week. In a note dated Tuesday, the brokerage warned of divergence in real-estate prices, which are up 7.6 percent since the start of the year, and the share price of major property developers, which are down 0.4 percent as a group.

“The physical property market looks precarious over the next six months, and we don’t think developers’ stocks have factored in a worst-case scenario yet,” Macquarie said. It said housing prices could fall between 5 percent to 10 percent in the next 12 months, citing what it said was an expected slowing in Hong Kong’s economy, mounting global economic risks and new supply. -By Chris Oliver

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Category: Hong Kong

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