Hong Kong’s Gravity-Defying Property Market Can’t Walk on Air Forever

  • 📰 WSJ
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Hong Kong’s commercial property market is already hurting from months of protests in the city. AaronBack explains why the housing market could follow. WSJWhatsNow

By Mike Bird Nov. 11, 2019 3:20 am ET In his pursuit of the Road Runner, Wile E. Coyote occasionally finds himself running on air, having unknowingly sprinted off the edge of a sheer cliff.

Transactions actually rose in October as the government relaxed mortgage caps for first-time buyers. Sector stocks still sport small gains for the year. In October, local property agency Midland IC&I Ltd. recorded 242 registrations of commercial and industrial premises, the second-lowest figure since 1996. Real-estate agency Savills suggested that rents for stores in prime locations and shopping centers have fallen by more than 15% in the year to September across the territory.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Time to buy in Hong Kong.

Backfire on developer tycoons funding anti-govt protesters

it's taking too long for that property market is cool down

They can cut the 15% BST. You didn’t even bother to mention. 🤦‍♂️

It's not in HK, it's everywhere... did your salary increase 400%-700% in the last 10 years as housing rates?

AaronBack Housing price plummeting as protesters wished since crazy world most expensive HK housing price blocked HK future developments

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines