Hong Kong Home Sellers Cut Asking Prices as Covid Curbs Tighten
- Some sellers offer discounts above 10% to attract buyers
- Home prices set to decline this year, UBS and Citigroup say
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Hong Kong’s strict measures to contain its biggest ever Covid outbreak are already being felt in the city’s housing market, which ranks among the most expensive in the world.
Sellers are increasingly open to negotiate discounts to get deals done after the most recent curbs on gatherings in private homes, according to the city’s two biggest property agencies.