A weak market in January has given way to a disaster amid the coronavirus outbreak, according to the Wharf REIC group. Photo: Dickson LeeA weak market in January has given way to a disaster amid the coronavirus outbreak, according to the Wharf REIC group. Photo: Dickson Lee
A weak market in January has given way to a disaster amid the coronavirus outbreak, according to the Wharf REIC group. Photo: Dickson Lee

Hong Kong hoteliers say market’s a ‘disaster’ as 90 per cent of rooms stay vacant amid viral outbreak

  • A weak market in January ‘very quickly gave way to disaster’, according to Harbour Centre, a unit of Wharf REIC
  • Market will adjust downwards further in 2020 amid unprecedented fallout, according to New World Development

Topic |   Hong Kong property
A weak market in January has given way to a disaster amid the coronavirus outbreak, according to the Wharf REIC group. Photo: Dickson LeeA weak market in January has given way to a disaster amid the coronavirus outbreak, according to the Wharf REIC group. Photo: Dickson Lee
A weak market in January has given way to a disaster amid the coronavirus outbreak, according to the Wharf REIC group. Photo: Dickson Lee
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