The escalating
trade war between China and the US is dampening the sentiment of mainland Chinese homebuyers in Hong Kong, as macroeconomic uncertainties and currency depreciation risks weigh on the housing market, according to experts.
“Hong Kong’s property market very much depends on the economy, which will inevitably be affected by the tariffs and the trade war,” said Joseph Tsang, chairman of JLL Hong Kong, adding that the current economic direction was unfavourable for the outlook on home prices.
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