Hong Kong house prices forecast 2013

Hong Kong house prices forecast 2013 : The Hong Kong government had increased land supply for residential developments in late-2010, after dwelling prices surged by 31.3% during the year to March 2010, fuelled by low interest rates, lack of new supply, and an influx of foreign buyers.

Price rises continued, but at a slower pace, in 2010 and 2011, with above 20% increases each year.

Price corrections of less than 15% the mass residential property market, and less than 10% in luxury properties, are expected in the next 12 months, according to Knight Frank. Deutsche Bank AG, on the other hand, predicts that property prices in Hong Kong could fall as much as 20% over the year as increasing housing supply emerges. Read more

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