Ultima, a project close to Ho Man Tin Station, saw home prices sink 18 per cent. Photo: SCMP Pictures
Ultima, a project close to Ho Man Tin Station, saw home prices sink 18 per cent. Photo: SCMP Pictures

Hong Kong’s MTR subway network fails to stem sliding prices as real estate slump picks up pace

  • The secondary housing market is sinking further as interest rate rises and a wave of emigration take a toll on demand
  • As many as 34 housing estates near railway stations have seen their prices fall between January and July, according to Centaline

Ultima, a project close to Ho Man Tin Station, saw home prices sink 18 per cent. Photo: SCMP Pictures
Ultima, a project close to Ho Man Tin Station, saw home prices sink 18 per cent. Photo: SCMP Pictures
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