In the second half of 2015, the property price in Hong Kong slumped 11% and this is even worse than the situation on the eve of the Asian financial crisis.

This statistics is close to the 10% slump predicted by ANBOUND Consulting earlier.

We want to stress that the deep depression in Hong Kong's real estate market has also caused the overall weak economy in Hong Kong.

Although we do not think that in 2016, Hong Kong’s economy will slide into full recession, the risk is rising.