Aerial view of residential buildings in front of Lion Rock in the Yau Tong area, east of the Kowloon Peninsula in Hong Kong. President Donald Trump is preparing to unveil new policies on China, after his administration this week determined Hong Kong has lost its autonomy from China. Home prices are likely to retrace by 10% this year, said Billy Mak, associate professor at the department of finance and decision sciences at Baptist University in Hong Kong. "If home prices are positively correlated to the economy, they are likely to slowly adjust downwards. If the number of such sellers increases, home prices are likely to suffer, he added.

Source: Bangkok Post May 31, 2020 08:15 UTC