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<HK Home>HK Home Prices May Hike 10% as Home Prices of Key Asian Mkts Expected to Rise in Coming Yr
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Bloomberg Intelligence's report showed that the key markets in Asia are expected to chart higher property prices in the coming year, of which Hong Kong's magnitude will be the most obvious, estimated to be up to 10%. Meanwhile, Australia's property prices are forecast to grow by 7%-8%, and Singapore and Japan to record a moderate rise of 3% and 2% respectively. Hong Kong's property prices have tumbled nearly 30% since peaking in 2019. With lower interest rates and the Hong Kong government's successive announcement of the withdrawal of spicy measures and relaxation of mortgage restrictions, it is expected that more buyers will be drawn to the market, pushing property prices back up. AAStocks Financial News |
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