Hong Kong Real Estate Prices, Rents To Fall In 2014

By ExpatBriefing.com Editorial 06 December, 2013

Real estate prices and rents in Hong Kong are set to fall again in 2014, according to the latest forecast from international real estate services organization Colliers International.

All property sectors in Hong Kong surveyed by Colliers will experience a decline in capital value, the forecast says. Luxury residential properties will be the worst hit, with a 15 percent drop, followed by retail, industrial and grade A offices, which will fall 11 percent, nine percent and seven percent, respectively. The value of these sectors is also expected to decrease - by nine percent in luxury residential, six percent in retail, five percent in grade A offices, and one percent in industrial.

Meanwhile, rents in Hong Kong are predicted to fall, with the exception of the industrial property sector, which will experience a rise in rents.

Tags: Real-estate | Hong Kong | Retail | Expats | Investment | Property Investment | Invest | Investment |

 





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