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