A view of Sham Shui Po, one of the densest and most vibrant neighbourhoods in Hong Kong. Photo: Martin Chan
Cathie Chung
Opinion

Opinion

Concrete Analysis by Cathie Chung

With Hong Kong’s property market on verge of huge correction, government must take steps to cushion downside risks

  • As the highly publicised vacancy tax is set to be implemented next month, the pressure on housing prices will only increase as more supply hits the market
  • JLL expects grade A office rents to correct by 15 to 20 per cent next year on the back of lower demand for commercial property

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A view of Sham Shui Po, one of the densest and most vibrant neighbourhoods in Hong Kong. Photo: Martin Chan
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