Hong Kong’s lived-in home prices will drop 5 per cent in 2022 as people, capital head for the exit, UBS says

UBS predicts a 5 per cent drop in Hong Kong’s lived-in home prices, becoming the second investment bank to forecast a decrease in the world’s most expensive property market after Morgan Stanley.A mass emigration wave, the slowdown in mainland China’s economic growth, an exit of capital because of tightened mainland regulations and an imminent interest rate rise in the United States will all contribute to the drop, said John Lam, head of the China and Hong Kong property team at UBS Research.“We…


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