Hong Kong Flat Prices to Fall 20%, Goldman Says

The prices of Hong Kong homes are likely to fall by a fifth over a four-year period, as borrowing costs increase and demand slumps because of rising unemployment, according to Goldman Sachs, the South China Morning Post reported.

Goldman lowered its forecast from flat prices this year, followed by 5% declines in 2023 and 2024 and a return to flat again in 2025, to a 5% decline in each year between now and 2025.

Read the full report: South China Morning Post.

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.