Savvy property investors expect an imminent downturn in Hong Kong’s property market. Photo: AFPSavvy property investors expect an imminent downturn in Hong Kong’s property market. Photo: AFP
Savvy property investors expect an imminent downturn in Hong Kong’s property market. Photo: AFP

Hong Kong’s veteran property investors head for the exit amid fears of a deep and prolonged correction in prices

  • Chances of prices falling higher now as Hong Kong’s economy is worse than it was during the Asian financial crisis in 1997 and Sars outbreak in 2003, says former Midland Holdings executive
  • The outlook for Hong Kong’s property market will remain uncertain until the second half of next year, says Joseph Tsang of JLL

Topic |   Hong Kong property
Savvy property investors expect an imminent downturn in Hong Kong’s property market. Photo: AFPSavvy property investors expect an imminent downturn in Hong Kong’s property market. Photo: AFP
Savvy property investors expect an imminent downturn in Hong Kong’s property market. Photo: AFP

Corrected [12:05pm, 15 Sep, 2020]

  • [12:05pm, 15 Sep, 2020]

    Story updated with Albert Wong Kam-hong's current job profile in paragraph three. He is the founder of Traffic Light Management Consultancy

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