HK’s pent-up property demand may herald price rebound

25-Feb-2019 Intellasia | The Star | 6:00 AM Print This Post

The outlook for Hong Kong’s property market, the world’s least affordable, has started to firm with some analysts predicting prices could rise as much as 10 percent this year after only a short-lived correction.

Pent-up demand, expectations of slower interest rate rises and optimism Beijing and Washington will soon hammer out a trade deal, have combined to boost sales after prices drifted lower from mid-2018. Total transaction volumes jumped 120 percent in January to 4,355 sales from 1,963 in December, data from realtor Centaline showed.


Category: Hong Kong

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