Real Estate
Hong Kong’s Buy-Rent Gap Set to Narrow as Home Prices Bottom Out
- Prices are at an eight-year low with rents near a record high
- Markets are unlikely to fully converge as oversupply persists
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The yawning gap between Hong Kong’s homebuying and rental markets is likely to narrow as residential prices begin to recover.
Analysts including those at DBS Bank Ltd. expect interest-rate cuts to help revive home purchases. Bloomberg Intelligence sees prices rebounding from an eight-year low after the government eased mortgage borrowing rules.