Hong Kong property prices continue to fall. As many developers slash prices to sell their properties, second-hand property owners also need to further expand their bargaining space, causing second-hand property prices to fall steadily. The latest data from the Rating and Valuation Department shows that Hong Kong’s property prices have fallen for 10 consecutive months, a total of 10.78%, and a cumulative drop of 5.6% for the whole of 2023. Some netizens posted in the discussion area that in addition to the expensive management fees of new properties, the opening and location are not as convenient as existing second-hand properties, so they do not understand why many buyers still choose to enter the market for new properties.

Many netizens refuted the original poster, saying that many new properties are now offered at second-hand prices to attract customers, and that "no renovation is required, and no air-conditioning cabinets need to be replaced", which could save at least $500,000 in renovation costs. ; Moreover, under the current market conditions, some netizens also believe that second-hand property prices have not yet fully fallen, so it is not cost-effective to enter the second-hand property market at this stage. They also believe that in terms of supporting facilities, new properties generally have more beautiful residents' clubhouses, which is also a major attraction.

What do you think, netizens?