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