Coronavirus pandemic sapped Hong Kong buyers’ appetite for Greater Bay Area houses as investment fell 40 per cent last year

//Coronavirus pandemic sapped Hong Kong buyers’ appetite for Greater Bay Area houses as investment fell 40 per cent last year

Coronavirus pandemic sapped Hong Kong buyers’ appetite for Greater Bay Area houses as investment fell 40 per cent last year

Hong Kong investors’ appetite for property in the Greater Bay Area fell drastically last year as travel restrictions due to the coronavirus pandemic kept buyers away. Buyers spent some 30.9 billion yuan (US$4.7 billion) on new homes, 40 per cent lower than the previous year, while the number of transactions fell 46 per cent to 161,000, Centaline Group, the top seller of Chinese property to investors from Hong Kong, said on Wednesday.Travel between Hong Kong and the mainland has fallen off a…

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By | 2021-04-01T03:14:30+00:00 April 1st, 2021|Business|Comments Off on Coronavirus pandemic sapped Hong Kong buyers’ appetite for Greater Bay Area houses as investment fell 40 per cent last year