A woman walks past a property agency in Hong Kong’s Quarry Bay neighbourhood on December 1, 2022. Photo: K.Y. Cheng
A woman walks past a property agency in Hong Kong’s Quarry Bay neighbourhood on December 1, 2022. Photo: K.Y. Cheng

Goldman Sachs Hong Kong home price forecast of 30 per cent drop too bearish, JP Morgan analyst argues

  • The most pessimistic forecasts of a 30 per cent decline are ‘fundamentally wrong’, JP Morgan analyst says
  • The US investment bank believes the decline will total 20 per cent by May 2023 from a peak in August 2021

A woman walks past a property agency in Hong Kong’s Quarry Bay neighbourhood on December 1, 2022. Photo: K.Y. Cheng
A woman walks past a property agency in Hong Kong’s Quarry Bay neighbourhood on December 1, 2022. Photo: K.Y. Cheng
READ FULL ARTICLE