Media365
May Chan is looking for a home that she can call her own.
The freelancer wants to buy a flat, but high mortgage rates as well as uncertainty in the property market kept her from taking the plunge.
“I would like to buy a flat, if I can afford it,” she said. “It would certainly help if there are discounts.”
Now that mortgage rates have stabilised and there is less uncertainty about property prices, she hopes to find a reasonably priced home.
With Hong Kong’s residential property market stabilising further and the number of unsold units dwindling, developers are likely to wind down generous discounts for new projects, prolonging Chan’s wait for an affordable home.
Deep discounts that were common until recently were likely over, according to analysts.
