Hongkong Real Estate Prices Remain Resilient

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Despite the recent turmoil in Hongkong, real estate prices seems to be resilient in the recent wake of events despite the protest that has been ongoing for months now. Speculation for real estate in the city state continue to climb and any discounts given by the real estate developers were quickly taken up and analyst note that the demand for real estate remain robust and is more likely to continue with demand being seen from young couples who are looking to buy their first home in the city state.

Although transactions have fallen a bit, analyst are not worries as recent developer sales sees good take up rate as banks partner with real estate property developers to provide discounts and lower than average mortgages to boast the demand for properties. Real estate property indexed by different new agencies also note that the prices of Hong Kong Properties proved to be resilient and there is not much drop despite the prolonged protest in the city state.

This is because supply in Hongkong has always been low and there are many side liners who are looking to enter at any drop in prices or bank promotional rates.
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