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
Topic |   Coronavirus pandemic: All stories
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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