Published: 8:45am, 21 Oct, 2015 Updated: 12:31am, 22 Oct, 2015
Investment banking group Index has reported that the Hong Kong property market is set to become a bear market , with a 17 % price fall over the next 27 months . A realty firm in the city also said in a report that sales of properties valued at over HKD10 m fell 19.5 % quarter on quarter to 107 deals in the period between June and September . 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 .