Hong Kong's Lived-In Homes Could See Values Decline

The value of Hong Kong’s lived-in homes are expected to drop marginally as a fifth Covid-19 wave linked to the Omicron variant takes hold and deals plunge because of fewer viewings and curbs imposed on the property sector to force private developers to shed their massive debts, brokers said.

Banks could reduce valuations by 1 to 2% in February and a further 1% next month. Midscale estates like Kornhill Garden and Taikoo Shing expected to bear the brunt, analysts say.

Read the full report: South China Morning Post.

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.