Hong Kong’s Lohas Park housing development. Sentiment for Hong Kong property remains weak, says Singapore-based bank UOB Kay Hian. Photo: AFP
Hong Kong’s Lohas Park housing development. Sentiment for Hong Kong property remains weak, says Singapore-based bank UOB Kay Hian. Photo: AFP

Citibank expects Hong Kong property prices to fall another 10 per cent, bottom out in second quarter of 2023

  • Property prices to fall another 10 per cent from October to the second quarter of 2023, bank says
  • Rising interest rates are the ‘biggest negative factor’ affecting market, executive says

Hong Kong’s Lohas Park housing development. Sentiment for Hong Kong property remains weak, says Singapore-based bank UOB Kay Hian. Photo: AFP
Hong Kong’s Lohas Park housing development. Sentiment for Hong Kong property remains weak, says Singapore-based bank UOB Kay Hian. Photo: AFP
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