Hong Kong property transactions slump 33pc in February as investors wait for market to stabilise

//Hong Kong property transactions slump 33pc in February as investors wait for market to stabilise

Hong Kong property transactions slump 33pc in February as investors wait for market to stabilise

Property sales in Hong Kong plunged more than 30 per cent year on year in February as investors and homebuyers stayed on the sidelines, unsure whether prices were likely to fall further.A total of 5,002 property transactions for flats, offices and car parks worth HK$41.9 billion (US$5.3 billion) was reported last month, down from HK$62.6 billion in February 2018, according to data from Centaline Property.“Investment sentiment was still quite sour in February, and buyers were reluctant to make a…

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By | 2019-03-01T23:34:57+00:00 March 1st, 2019|Business|Comments Off on Hong Kong property transactions slump 33pc in February as investors wait for market to stabilise