Fed Rate Hike Spillover: Hong Kong Home Prices

SCMP: Hong Kong homeowners slashing prices after US rate hike
But even though more owners are willing to cut prices by five to 10 per cent, buyers are still not biting, said Jeffrey Ng, executive director of Hong Kong Property Services (Agency).

“What we have seen is that most potential buyers want to make use of the negative news to ask for a bargain,” he said.

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