NEWS & EVENTS ONLINE EXCLUSIVE

Hong Kong’s high-rise property prices showing off its resilience

In the face of political tension from Hong Kong’s multi-month protest, thousands of tourists had left the city, casting uncertainties over its domestic economy, Financial World reports.

Nonetheless, there seems to be a silver lining in the form of high-rise property prices for Hong Kong’s residents.

Following an unshackling of the Asia’s one of the largest financial hub, Hong Kong’s home prices had space-dived more than 200 per cent, boosted by limited supply amidst a large capital flow from the buyers of mainland China. However, Hong Kong property agents had been quoted on Sunday, 29 September 2019, that given the current turbulence on the streets, which has become almost a daily affair over the recent weeks, property price outlook in the city was still rated as “good”. ― Construction+ Online