A 10% drop in residential prices is projected for 2020 as the unemployment rate is forecasted to reach 7%; Investment market remains subdued with 50% of deals in Q3 involving PRC buyers
- Written by Media Outreach
- Residential transactions in August fell by 29% m-o-m with RVD home prices edging lower by 0.3% m-o-m; another 0.8% m-o-m drop is expected in August.
- Commercial investment market remained subdued in Q3 with total transaction volumes falling by 64.3% q-o-q.
- Hong Kong buyers remain subdued, while PRC activity is expected to be more active than...
