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. A realty firm in the city also said in a report that sales of houses valued at over HKD10m fell 19.5% quarter on quarter to 107 deals in the period between July 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.