Residential rent fell by 1.1% month-on-month. Agent: will step into adjustment

the average rent for the 107 large private residential estates in Hong Kong in August was $37.5, down 1.1% month-on-month

Huang Liangsheng, senior co-director of the Central Plains Research Department, pointed out that last month’s rent hit a record high of 37.9 yuan and then softened. It was the first time since August 2008 that there was a decline in the rental season in August. There are signs that the rent has entered the adjustment stage.

He pointed out that in March this year, rents began to rebound and rebounded

It only took five months to return to historical highs, and it rose by 6.5%. However, as the Sino-US trade war continues to heat up, the market also expects the economy to continue to deteriorate, causing rents to peak. The summer rental season is expected to end early.

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