Hong Kong’s commercial property market is already hurting from months of protests in the city. AaronBack explains why the housing market could follow. WSJWhatsNow
By Mike Bird Nov. 11, 2019 3:20 am ET In his pursuit of the Road Runner, Wile E. Coyote occasionally finds himself running on air, having unknowingly sprinted off the edge of a sheer cliff.
Transactions actually rose in October as the government relaxed mortgage caps for first-time buyers. Sector stocks still sport small gains for the year. In October, local property agency Midland IC&I Ltd. recorded 242 registrations of commercial and industrial premises, the second-lowest figure since 1996. Real-estate agency Savills suggested that rents for stores in prime locations and shopping centers have fallen by more than 15% in the year to September across the territory.
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