As Cathay Pacific crew, expatriates and BN(O) holders flee Hong Kong, who will snap up those property bargains?

//As Cathay Pacific crew, expatriates and BN(O) holders flee Hong Kong, who will snap up those property bargains?

As Cathay Pacific crew, expatriates and BN(O) holders flee Hong Kong, who will snap up those property bargains?

An exodus of expatriates from Hong Kong has continued to pressure the housing market in the city, particularly those in Tung Chung that embodies the mood in the industry. Are they cheap enough to lure bargain hunters?Prices in Tung Chung in New Territories, favoured by airline executives due to its proximity to the city’s international airport, have weakened by 5 per cent since the Lunar New Year, according to Centaline Property. They are expected to depreciate over the next quarter on stock…

Article by [author-name] (c) Business - South China Morning Post - Read full story here.

By | 2022-03-16T00:30:23+00:00 March 16th, 2022|Business|Comments Off on As Cathay Pacific crew, expatriates and BN(O) holders flee Hong Kong, who will snap up those property bargains?