The city’s unemployment rate climbed to a nine-year high of 3.7 per cent in February as the coronavirus led to job losses. Photo: Sam Tsang

Rents for Hong Kong’s luxury homes fall by as much as 25 per cent as coronavirus causes job losses, expat exodus

  • Rents in Hong Kong’s high-end districts like Mid-Levels have been hit hardest, tumbling by up to a quarter from their peaks, according to agents
  • Rents at the lower end of the market, in areas like Sheung Wan and SoHo, are also softening as many young professionals are losing their jobs
Topic |   Hong Kong property

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The city’s unemployment rate climbed to a nine-year high of 3.7 per cent in February as the coronavirus led to job losses. Photo: Sam Tsang
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