Jul
22
Hong Kong Property Bears Rear Their Heads (Yet Again)
By-
Citigroup forecasts prices will slide in second half of year
- Bocom sees declines in property stocks pointing to correction
Hong Kong’s property market has a habit of humbling the bears, shattering predictions that the laws of gravity must eventually prevail.
But now, a crosscurrent of headwinds — from a slowing Chinese economy to upcoming interest-rate hikes and a reinvigorated regulatory push to tame home prices — have emboldened some longstanding skeptics to renew calls that a correction could be imminent. Citigroup Inc. last week called time on the party, predicting a 7 percent second-half slide, and Bocom International Holdings Co.’s Hao Hong sees the possibility of a decline of more than twice that…
