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 property market will be subject to the vagaries of the economy in the new year. Photo: Roy Issa
Business

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

Topic |   Hong Kong property
Lam Ka-sing
Lam Ka-sing

Updated: 10:00am, 2 Jan, 2021

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