Hong Kong’s property market will be subject to the vagaries of the economy in the new year. Photo: Roy Issa
Hong Kong’s property market will be subject to the vagaries of the economy in the new year. Photo: Roy Issa

Hong Kong’s worst recession on record points to bleak outlook in 2021 for residential property and commercial real estate prices

  • Mass market and luxury home prices are expected to drop between 5 and 10 per cent in 2021 on lower transaction volumes, say analysts
  • The pandemic will affect the uptake of grade A offices, with Cushman & Wakefield predicting rents to fall between 11 and 16 per cent this year

Hong Kong’s property market will be subject to the vagaries of the economy in the new year. Photo: Roy Issa
Hong Kong’s property market will be subject to the vagaries of the economy in the new year. Photo: Roy Issa
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