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.
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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.
2 months ago
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.
2 months ago