A slowing local economy, a potential interest rate hike and increased new supply are weighing heavy on residential prices in Hong Kong. Photo: Bloomberg

Hong Kong home prices to lower, despite improved sentiment

Nomura expects a further 10pc drop medium term, while JLL sees a further 15-20pc correction from current levels, before bottoming out

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A slowing local economy, a potential interest rate hike and increased new supply are weighing heavy on residential prices in Hong Kong. Photo: Bloomberg
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Peggy Sito

Peggy Sito

Peggy Sito is the deputy business editor at the Post. She was previously editor on the property desk and has won various news awards from the Hong Kong Consumer Council, the Newspaper Society of Hong Kong and the Society of Publishers in Asia.