“The recent events serve as a tangible reminder that Hong Kong has 28 years of ‘one-country, two-systems’ remaining and during that time there is potential for significant upheaval,” said James Fisher, chief operating officer at Spacious, an online property listing platform that conducts the survey with the Chartered Surveyors institute.
(Aug 22): Hong Kong housing rents are set to decline as anti-government protests continue to rock the city.
Real estate professionals forecast rents on Hong Kong’s main island, home to the central business district, will fall 2% in the next year, according to a survey conducted by the Royal Institute of Chartered Surveyors released Thursday. That’s a reversal from the 3% gain forecast in the previous survey, which was held just as the large-scale protests started in June.
