Bangkok Post - Chinese buyers have benefited the most from the removal of Hong Kong s property curbs, JLL says bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.com Daily Mail and Mail on Sunday newspapers.
Bangkok Post - Chinese buyers benefited from Hong Kong s property curbs removal bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.com Daily Mail and Mail on Sunday newspapers.
The lived-in home-price index fell 1.7 per cent in February versus 1.2 per cent in January, according to the Rating and Valuation Department. Prices have fallen for 10 months in a row, losing 13.7 per cent in value.
Mainland Chinese buyers are aggressively snapping up new luxury homes worth HK$30 million or more since the removal of all of Hong Kong’s property curbs last month, JLL says.
Rate cuts later this year are likely to boost Hong Kong’s economy and home prices. But for aspiring homebuyers and those looking to upgrade, it is more important that they consider their financial health, not just anticipate market moves.