Skip to content
Subscriber Only
Business
Pursuits

Hong Kong Home Prices Have Much Further to Fall Before Controls Are Eased

  • Prices may need to plunge 19% before easing, analysts estimate
  • Officials still concerned about Hong Kong’s unaffordability
Video player cover image

HK Property May Need Deep Slump Before Curbs Eased

Updated on

Memo to Hong Kong developers calling for the government to ease property curbs amid a slump in home prices: Don’t hold your breath.

Declines in the residential property market have to get a lot worse before Hong Kong’s lawmakers would consider rolling back measures they introduced more than five years ago to rein in prices, according to eight analysts and economists polled by Bloomberg News. On average, they estimate that home prices, which have fallen 13 percent from a September peak, will have to plunge another 19 percent before the government intervenes.