Potential homebuyers wearing protective face masks queue up at the Housing Authority’s customer service centre in Lok Fu for Home Ownership Scheme flats, on March 2. Photo: Winson Wong
Potential homebuyers wearing protective face masks queue up at the Housing Authority’s customer service centre in Lok Fu for Home Ownership Scheme flats, on March 2. Photo: Winson Wong

Hong Kong’s property prices to fall by up to 20 per cent as the city’s jobless ranks swell amid Covid-19 pandemic

  • While JLL expects housing prices to drop by 10 to 15 per cent this year, Cushman & Wakefield sees falls of up to 20 per cent as rising unemployment in the city hits demand
  • Greater job insecurity will decrease desire among prospective homebuyers, says Cushman and Wakefield’s Alva To

Potential homebuyers wearing protective face masks queue up at the Housing Authority’s customer service centre in Lok Fu for Home Ownership Scheme flats, on March 2. Photo: Winson Wong
Potential homebuyers wearing protective face masks queue up at the Housing Authority’s customer service centre in Lok Fu for Home Ownership Scheme flats, on March 2. Photo: Winson Wong
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