Sales of first-hand properties should be strong for at least the first half of this year, said Thomas Lam, executive director at Knight Frank. Photo: Dickson Lee
Sales of first-hand properties should be strong for at least the first half of this year, said Thomas Lam, executive director at Knight Frank. Photo: Dickson Lee
Business

Hong Kong property market narrowly avoids first annual decline in home prices in 12 years as demand defies coronavirus

  • Demand during the fourth wave of infections defied predictions and kept the price index for lived-in homes in positive territory last year
  • Property prices in 2021 will depend largely on when the border with mainland China is reopened, says Thomas Lam, executive director at Knight Frank

Lam Ka-sing
Lam Ka-sing

Updated: 4:55pm, 27 Jan, 2021

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Sales of first-hand properties should be strong for at least the first half of this year, said Thomas Lam, executive director at Knight Frank. Photo: Dickson Lee
Sales of first-hand properties should be strong for at least the first half of this year, said Thomas Lam, executive director at Knight Frank. Photo: Dickson Lee
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