Hong Kong property deals expected to fall 10 per cent in August, with second-hand home sales plunging by a fifth, as Covid-19 risk rattles buyers, sellers

//Hong Kong property deals expected to fall 10 per cent in August, with second-hand home sales plunging by a fifth, as Covid-19 risk rattles buyers, sellers

Hong Kong property deals expected to fall 10 per cent in August, with second-hand home sales plunging by a fifth, as Covid-19 risk rattles buyers, sellers

Property transactions in Hong Kong may drop by about a 10th in August, with second-hand home sales leading the way with a 20 per cent plunge, as a third wave of Covid-19 infections deters buyers, according to real estate analysts.The total number of deals – new and lived-in homes, commercial and retail property – is expected to fall by 10 per cent to below the 7,000-mark, marking two straight months of decline, said Wong Leung-sing, senior associate director of research at Centaline Property…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2020-08-03T01:30:05+00:00 August 3rd, 2020|Business|Comments Off on Hong Kong property deals expected to fall 10 per cent in August, with second-hand home sales plunging by a fifth, as Covid-19 risk rattles buyers, sellers