EconomyHong Kong commercial property downturn to worsen as credit tightens, agents warn
Hong Kong commercial property prices are expected to keep falling as tighter bank lending coincides with weaker demand, creating a risk of a “vicious cycle,” a property agency warned. Banks have used stricter approval standards and terms for commercial-property mortgages over the past three years.
Hong Kong commercial property downturn to worsen as credit tightens, agents warn
Economy