Banks adjust Hong Kong property price forecasts, smaller decreases expected

12 July 2014 - JP Morgan and Bank of America Merrill Lynch have revised property price forecasts for the year. A decrease of 5% is now expected, comparing favourably against the respective 25-30% and 10% decreases previously predicted. This is a result of delayed US interest rate changes and a smaller than expected effect on secondary prices created by newly launched developments. For the full article on SCMP, click here.