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 19.5% 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 17% quarter on quarter to 8:45am deals in the period between July and September . Reports also suggest that given the HKD ’s peg to the USD , any rise in Hong Kong interest rates by HKD is likely to further impact the price of property in Hong Kong .