[ET Net News Agency, 20 August 2019] Morgan Stanley expects home prices in HK to fall
10% from the peak by 1Q 2020 before recovering to full-year growth of +5% in 2020.
The research house noted that the secondary home index has started to show WoW declines
amid HK real GDP slowdown and ongoing social-political events.
The Centa-City Leading index (CCL, the secondary home price index) has rebounded rapidly
from the bottom in February 2019 to a new peak of 190 at the end of June.
Morgan expects that primary volume to go down 27% in 2H, driven by weakening market
sentiment and slower pre-sale consent application as developers slow the pace of project
launches. (KL)