Home prices are headed in the right direct, at least for younger buyers. But that’s bad news for sellers, some of whom are having to shave million off their asking prices. Photo: SCMP

Hong Kong’s home sellers are cutting their property prices as interest rate increase looms

CLSA joins Citibank, UBS, Nomura and Ricacorp Properties in saying the long-running uptrend in home prices could grind to a halt and head the other way if mortgage costs increase, coupled with a continued depreciation of the yuan

Topic |   Hong Kong property

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Home prices are headed in the right direct, at least for younger buyers. But that’s bad news for sellers, some of whom are having to shave million off their asking prices. Photo: SCMP
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