Savills says it expects ‘the final quarter of 2020 to present further challenges’ for tenants and landlords. Photo: Felix Wong Savills says it expects ‘the final quarter of 2020 to present further challenges’ for tenants and landlords. Photo: Felix Wong
Savills says it expects ‘the final quarter of 2020 to present further challenges’ for tenants and landlords. Photo: Felix Wong

Hong Kong residential rents face deeper correction, as fourth coronavirus wave, lay-off clouds gather

  • Rents fell 1.2 per cent in September and have declined by more than 10 per cent from a peak in July 2019, Centaline Property Agency says
  • Expecting another drop of 3 per cent to 5 per cent in the fourth quarter: Ricacorp

Topic |   Hong Kong property
Savills says it expects ‘the final quarter of 2020 to present further challenges’ for tenants and landlords. Photo: Felix Wong Savills says it expects ‘the final quarter of 2020 to present further challenges’ for tenants and landlords. Photo: Felix Wong
Savills says it expects ‘the final quarter of 2020 to present further challenges’ for tenants and landlords. Photo: Felix Wong
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