Hong Kong’s used home prices drop by most in 23 months as owners discount their flats to flee Covid-19 fifth wave

Feb 24, 2022 | INVESTING

Hong Kong’s lived-in home prices suffered their biggest drop in almost two years as the fifth wave of Covid-19 prompted anxious owners to offload their flats at steeper discounts.Prices fell 1.14 per cent to 388.9 in January, according to an index published by the Rating and Valuation Department on Thursday. It was the sharpest decline since February 2020 when the gauge retreated by 1.6 per cent.The worst may be yet to come, according to Ricacorp Properties which forecasts a 4 per cent fall in…

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