Rents in Hong Kong fell for a fourth consecutive month in November. Photo: Nora Tam

Hong Kong’s recession-hit economy weighs on rents for a fourth consecutive month in November, set to fall further

  • Average rent in the city fell 1.6 per cent year on year in November to HK$36 (US$4.6) per square foot – the lowest since May, according to Centaline Property Agency
  • Combined drop in rents between August and November stood at 5 per cent
Topic |   Hong Kong property

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Rents in Hong Kong fell for a fourth consecutive month in November. Photo: Nora Tam
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Snow Xia

Snow Xia

Snow Xia joined the South China Morning Post in 2019. Prior to this, she produced documentary videos for Boston Channel 5 (Hearst Television) in the United States. She graduated with a Master’s in journalism from Boston University and a Bachelor's in finance from Kean University.