Demand for Hong Kong’s luxury homes slips as trade war, threat of extradition bill rattle wealthy investors

//Demand for Hong Kong’s luxury homes slips as trade war, threat of extradition bill rattle wealthy investors

Demand for Hong Kong’s luxury homes slips as trade war, threat of extradition bill rattle wealthy investors

The double whammy of the US-China trade war and the threat of a controversial extradition bill that led to weeks of mass rallies in Hong Kong has hit demand for the city’s ultra-luxury homes, new figures show.Property consultancy Savills said enquiries about homes priced between HK$40,000 (US$5,111) and HK$100,000 per square foot fell in the second quarter of the year, leading to a 1.5 per cent slide in prices of town houses, whose size typically ranges from 2,000 to 4,000 square feet.It was…

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By | 2019-07-16T00:00:32+00:00 July 16th, 2019|Business|Comments Off on Demand for Hong Kong’s luxury homes slips as trade war, threat of extradition bill rattle wealthy investors