Hong kong rents see biggest fall in four years

Hong Kong rents have fallen by their biggest margin in four years, according to new figures.

Data from Centaline Property Agency shows that home rents fell 1.8 per cent in October 2015, the biggest monthly decline in four years. The drop has been attributed to rising levels of supply, with average rents at 100 housing estates at HK$33.40 per square foot a month, down from September’s peak of HK$34.

SCMP