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Hong Kong Home Prices Set to Slump 20% by 2025, Goldman Says

Hong Kong’s home prices will decline about 20% during the next four years as a worsening economy and rising interest rates hit demand, according to analysts at Goldman Sachs Group Inc.

Residential property values will drop by 5% every year from 2022 to 2025, analysts including Gurpreet Singh Sahi said in a March 28 report. The investment bank previously predicted prices would remain flat this year then decline 5% in 2023 and 2024 before stabilizing the following year.