That "dim outlook" on the city's property comes amid a possible U.S. recession and"If you look at Hong Kong's property market, historically, basically when the U.S. economy catches a cold or sneezes, Hong Kong's property market is going to catch a cold," Ma told CNBC.
Apart from U.S. economic concerns, China-U.S. trade tensions are also impacting Hong Kong's property market, according to Ma.
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