A view of the Tai Koo area in Quarry Bay in March 2021. Home prices in the mid-range area have fallen 17.3 per cent since June 2019. Photo: SCMP/Martin Chan
A view of the Tai Koo area in Quarry Bay in March 2021. Home prices in the mid-range area have fallen 17.3 per cent since June 2019. Photo: SCMP/Martin Chan

Hong Kong property market favours bargain hunters as prices drop, with 1 in 10 home sellers in August incurring a loss

  • The ratio of second-hand housing deals yielding capital gains has fallen by 6.8 percentage points since last year to below 90 per cent in August
  • Among 56 developments at railway stations, 30 saw the price per square foot decline in August, according to Centaline

A view of the Tai Koo area in Quarry Bay in March 2021. Home prices in the mid-range area have fallen 17.3 per cent since June 2019. Photo: SCMP/Martin Chan
A view of the Tai Koo area in Quarry Bay in March 2021. Home prices in the mid-range area have fallen 17.3 per cent since June 2019. Photo: SCMP/Martin Chan
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