{"id":18061,"date":"2016-05-03T22:55:19","date_gmt":"2016-05-04T02:55:19","guid":{"rendered":"https:\/\/thatdope.com\/travel\/guide-hong-kong-property-outlook-2016\/"},"modified":"2016-05-03T22:55:19","modified_gmt":"2016-05-04T02:55:19","slug":"guide-hong-kong-property-outlook-2016","status":"publish","type":"post","link":"https:\/\/thatdope.com\/travel\/guide-hong-kong-property-outlook-2016\/","title":{"rendered":"Guide: Hong Kong Property Outlook 2016"},"content":{"rendered":"
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Home to one of the world\u2019s largest property markets, Hong Kong (HK) has seen a decade-long rise in residential prices, fueled by mainland Chinese demand and the low cost of borrowing within the country.\u00a0Official figures by the HK Rating and Valuation Department suggest that residential prices reached a high in July, 2015, with a price tag of HK$151,462 ($19,543) per square meter (psm) for properties under the size of 40 m2.<\/p>\n
However, this boom is set to end with the advent of 2016 (best available data), as global financial events trigger predictions of a drop in both rental and housing prices. Our friends at Palace<\/em> magazine published this report in the first quarter of 2016, looking ahead to the rest of 2016.<\/p>\n