From Hong Kong to Sydney, Home Prices in Asia's Most Expensive Cities Are Falling
- Prices in Sydney and Hong Kong are falling as boom falters
- Switch from seller’s market brings opportunities: Knight Frank
Homes in Sydney, Australia.
Photographer: Brendon Thorne/BloombergThis article is for subscribers only.
Some of Asia-Pacific’s most expensive housing markets are starting to cool after last year’s breakneck growth.
Home prices have begun falling in Sydney and Hong Kong, while values in Singapore barely rose last quarter, as buyers wary of rising interest rates and economic headwinds choose to sit on the sidelines.