Published: 8:45am, 21 Oct, 2015 Updated: 12:31am, 22 Oct, 2015
Investment banking group CLSA has said that the Hong Kong property market is set to enter a bear market, forecasting a 17% price fall over the next 27 months. The report also says there are signs of an economic slowdown in China, with retail sales falling by 6% and industrial output shrinking at its fastest pace since 2009. Reports also suggest that given the HKD’s peg to the USD, any rise in US interest rates by the Federal Reserve is likely to further impact the price of property in Hong Kong.