Land prices in Kai Tak, the site of Hong Kong’s former airport, have fallen nearly 18 per cent since May. Photo: Roy Issa
Falling land values indicate developers are pessimistic about Hong Kong property sector’s outlook
- Market observers say the uncertain economic outlook has made property developers more conservative in their land acquisitions as they look to ride out the downturn
Topic |
Hong Kong property
Land prices in Kai Tak, the site of Hong Kong’s former airport, have fallen nearly 18 per cent since May. Photo: Roy Issa