ups Kong property prices have dropped to the lowest levels in 17 months due to low market confidence after recent Chinese stock market crashes and subsequent economic uncertainty . Slow sales are expected to continue , spurring investors and homeowners to drop property prices by 5 to 10 percent ; investors who suffered in the crash may also rush to panic buying properties in a bid to recuperate their losses .
Hong Kong property sales have dropped to the lowest levels in 17 months due to low market confidence after recent Chinese stock market crashes and subsequent economic uncertainty. Slow sales are expected to continue, spurring developers and homeowners to drop property prices by 5 to 10 percent; investors who suffered in the crashes may also rush to panic sell properties in a bid to recuperate their losses.