Hong Kong property buyers should brace for a cooling third quarter as prices are set to be pressured by buoyant supply of new flats. Potential buyers attend a London property exhibition in Hong Kong on June 10. Photo: Edward Wong
Rising rates may crimp Hong Kong’s second-half home prices by 5 per cent, analysts say
An unusually large supply of 10,000 apartments and tightening mortgage rates are likely to crimp prices in the second half, analysts say.
Hong Kong property buyers should brace for a cooling third quarter as prices are set to be pressured by buoyant supply of new flats. Potential buyers attend a London property exhibition in Hong Kong on June 10. Photo: Edward Wong