Residents face hard choices on whether to to buy or leaseSome analysts feel it is the right time to buy as the market is close to bottom, and the 20 per cent decline in prices from an all-time high offsets higher mortgage rates While rents in some areas of the city have risen, they have declined in places like Sai Ying Pun and Sheung Wan by as much as 15 to 20 per cent, Habitat’s Allan says