Gloomy outlook for Hong Kong’s property market
KUALA LUMPUR: Cooling measures and economic uncertainties will continue to weigh down on values and yields of Hong Kong properties, said Knight Frank in a report on Jan 21.Residential properties will be hardest hit with values expected to decline by a further 10% to 15%, while rents are expected to decline by up to 5%.“Residential sales could drop further with continued cooling measures and inc