More newly-built flats will enter the city’s residential market in the first half, adding to unsold units from the past two years. Home prices, already near the lowest in seven years, are likely to weakenfurther, analysts say.
By Sherry Qin Shares of Wharf (Holdings) dropped sharply amid broad selloff of property stocks in Hong Kong. The Hong Kong-based developer's shares were last.
Sun Hung Kai Properties (SHKP) topped the city’s home sales table in 2023, accounting for over a quarter of the deal volume for residential flats in one of the world’s most expensive property markets.