Months of unrest, the Wuhan virus and now the uncertainty created by the new security law are hammering the luxury residential property market in Hong Kong:
- Landscope Realty indicates that properties in the HKD200-300k bracket have dropped below 150k and in some instances under 100k
- a home on Headland Road in Repulse Bay was recently rented out at HKD190,000 per month, a drop of 36%
- a house at Deep Water Bay leased for HKD200k per month, a drop of 29%