China and Hong Kong Property Making A Comeback?

A few weeks ago, Chinese authorities unveiled their most comprehensive rescue package to-date in a bid to salvage the ailing property sector. But the sector is still seeing a persistent slump in home sales as well as home prices. In November, the 100 biggest real estate developers witnessed a 26% y-o-y drop in new home sales, while new home prices fell 1.6% y-o-y, its biggest slump since 2015. What is the outlook for the property market in China and Hong Kong, and what could revive the embattled industry? For insights, we speak to Christine Li, Head of Research, Asia Pacific, Knight Frank.

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