Hong Kong Home Prices to Fall As Residents Leave, UBS Says

(Bloomberg) — Hong Kong’s home prices are set to decline in 2022 as residents continue to leave the city, according to UBS Group AG.

Residential property values in Hong Kong will fall by around 5% this year due to persistent population outflow and imminent interest rate increases, John Lam, head of China and Hong Kong real estate research at UBS, said in a media briefing Monday.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.

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