The total number of purchases of new homes in Hong Kong reached a 15-year high of 20,688 last year. Photo: Winson Wong

Average home prices fell by a quarter last year in the world’s most expensive city as protests, trade war sapped demand

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The average price of a new home in Hong Kong fell last year by the most since a 29 per cent slump in 2006, according to Ricacorp Properties
Analysts see a further slide, forecasting that home prices will drop between 15 and 20 per cent in 2020

Topic | Hong Kong property

Sandy Li

Published: 9:15am, 9 Jan, 2020

Updated: 12:37pm, 9 Jan, 2020

The total number of purchases of new homes in Hong Kong reached a 15-year high of 20,688 last year. Photo: Winson Wong

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Sandy Li

Sandy Li is the property editor. She covers property market which focus in listed property firms and government policy. During her career she has won several journalism prizes, including the Citi Journalistic Excellence Award in 2011. She was first runner-up for the same award in 2010.