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Hong Kong commercial property prices take a hit in Q3
17 October 2019
Hong Kong – 17 Oct 2019 Prominent real estate advisor kamaco pointed out in its Q3 Investment Briefing that a volatile economic and social backdrop saw non-residential transaction volumes collapsing by 57% in July and August following a 48% YoY decline in the first half of the year. Local disruption is compounding the negative consequences of the trade war and hitting commercial volumes hard, but retail prices only adjusted mildly compared to the dramatic decline in retail rents; while the office sector saw a rapid decline in buyer appetite.