A property agency staff set the advertising board in front of the shop in Yuen Long on 17 February 2020. Photo: KY Cheng

Hong Kong is poised for another real estate crisis as falling home prices drive more mortgage borrowers into negative equity

  • The price index for used homes in Hong Kong dipped 1.7 per cent to 378.5 in December, according to the Rating and Valuation Department
  • As many as 128 mortgage loans valued at HK$764 million (US$98 million) were in negative equity as at the end of December, more than double the number of cases three months earlier
Topic |   Dealing with debt

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A property agency staff set the advertising board in front of the shop in Yuen Long on 17 February 2020. Photo: KY Cheng
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