View of Taikoo and Quarry Bay in Hong Kong’s Eastern District from the Swire office in Quarry Bay on 25 June 2019. Photo: Nora Tam

Two Hong Kong banks cut valuation of used homes as civic unrest threatens to knock property bull run off its footing

  • HSBC and Bank of China (Hong Kong) have cut valuations for used homes in New Territories and Kowloon by up to 3.6 per cent, according to data on their websites
  • The move, the first since valuations were slashed by 20 per cent in October 2018, could push some homebuyers into negative equity
Topic |   Hong Kong property

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View of Taikoo and Quarry Bay in Hong Kong’s Eastern District from the Swire office in Quarry Bay on 25 June 2019. Photo: Nora Tam
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