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Senin, 09 Desember 2019 11:17:00

Citi Hong Kong Releases Results of Fourth Quarter 2019 Residential Property Ownership Survey

Respondents generally stick to a wait-and-see attitude towards the property market, with a significant decrease in the percentage of respondents expecting home prices to fall

HONG KONG, - 9 December 2019 - Citi Hong Kong announced today the results of its survey on residential property ownership in Hong Kong for Q4 2019. According to the survey:

46% of the respondents expected home prices to fall in the next 12 months, a sharp decline of 10 percentage points from the preceding quarter;

57% of the respondents said they were currently very / rather uninterested in property ownership, a 6 percentage point increase from the preceding quarter;

60% of the respondents did not consider it a perfect time to buy a home now, an 8 percentage point decrease from the preceding quarter.
Sharp decline in percentage of respondents expecting home prices to fall
 
The results of the latest survey show that 46% of the respondents were expecting home price in Hong Kong to fall in the next 12 months, showing a significant decrease of 10 percentage points from the preceding quarter. In comparison, the percentage of respondents expecting home prices in Hong Kong to rise or stabilize in the next 12 months has increased from the preceding quarter, reflecting a lower percentage of respondents holding bearish views of the property market.(*).

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