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