14.03.2013 - Property prices in Hong Kong forecast to continue growing
Property prices in Hong Kong are likely to rise for the rest of 2013 following a short term correction of ten percent, according to a recent report by property consultancy firm Colliers. Colliers also predict that potential buyers will bear greater transaction costs in order to enter the market as the expectation of returns is sustained by positive aspects of the macro-environment. Colliers predict a shift in demand from the sales to leasing market as potential buyers react to the latest property cooling measures. Rental rates are likely to increase as a result of higher demand and boost capital values, which will achieve the opposite effect than was intended by the latest measures, according to Colliers........................................Full Article: Source