BFM Podcast

HK Property Prices Taking A Tumble

Tan KW
Publish date: Mon, 09 Sep 2024, 01:34 PM
HK Property Prices Taking A Tumble

09-Sep-24 07:30

Patrick Wong, Head of Bloomberg Intelligence Hong Kong & Senior Analyst - Asia Pacific Real Estate, Bloomberg Intelligence

Hong Kong, which houses some of the most expensive properties in the world, is currently experiencing a crisis, with owners being forced to slash prices. The downturn in the city has persisted for around five years. Patrick Wong, Head of Bloomberg Intelligence Hong Kong & Senior Analyst - Asia Pacific Real Estate tells us if we can expect any government support and which listed players will survive this downturn.

Image Credit: shutterstock.com

Discussions
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ks55

Everybody knows HK properties are beyond affordability of most wage earner. They will have to foot out 60% of their salary and slog for 2 generations to pay off their mortgage.

1 month ago

ks55

HK property market vs Singapore property market

file:///C:/Users/Owner/Desktop/HK%20vs%20Sg%20housing.pdf

Property prices in Hongkong must come down by at least 50% to find buyers that can afford a 400 sft flat.

1 month ago

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