Hong Kong Luxury Property Prices ‘Set For Correction’

Report predicts a 5% drop in high-end home prices in 2016

HK price correctionHong Kong’s stubbornly high luxury property prices may be in for a correction in 2016.

After years of stellar growth, luxury residential prices in the former British colony are forecast to fall 5% this year, according to a recent report by consultancy Knight Frank.

If the predictions are correct, Hong Kong is set to overtake Singapore as the weakest-performing market among 10 major world cities surveyed for the report.

 

Source: Mansion Global

http://www.mansionglobal.com/articles/18070-hong-kong-luxury-property-prices-’set-for-correction’

 

 

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