Hong Kong’s property market reached unfathomable heights in 2017, but prices started falling back to earth in 2018. Goldman Sachs projects a 15 to 20 percent decline in property prices over two years as interest rates, Bloomberg reported. Home prices have dropped 7 percent from a high in August. One site in Kai Tak, for example, had a winning bid from China Overseas Land & Investment of HK$13,523, or $1,726, per square foot of floor […]
source https://therealdeal.com/2018/12/28/home-prices-in-the-worlds-most-expensive-market-are-tumbling/
No comments:
Post a Comment