Tower blocks in the Tseung Kwan O area. More than half of some 8,000 flats due to be completed by the end of the year are in the suburbs. Photo: Bloomberg

Home rents for small flats in New Territories of Hong Kong are falling at a faster pace

Housing costs of suburban properties falling faster than in core areas of the city, as owners offer steep discounts in order to secure tenants

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Tower blocks in the Tseung Kwan O area. More than half of some 8,000 flats due to be completed by the end of the year are in the suburbs. Photo: Bloomberg
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