Hong Kong’s luxury home sales sink to five-year low in September as caution prevails amid protests

//Hong Kong’s luxury home sales sink to five-year low in September as caution prevails amid protests

Hong Kong’s luxury home sales sink to five-year low in September as caution prevails amid protests

Sales of luxury homes fell to a five-year low last month as Hong Kong’s property market continued to reel from the ongoing civil unrest, extending a decline that started in June.Only 93 new and used homes worth more than HK$20 million (US$2.55 million) each were sold, totalling HK$4.68 billion in September, according to figures compiled by Centaline Property Agency.Sales dropped to the lowest since June 2014 when they hit HK$3.64 billion. They have plummeted 78.4 per cent from HK$21.62 billion…

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By | 2019-10-22T13:32:53+00:00 October 22nd, 2019|Business|Comments Off on Hong Kong’s luxury home sales sink to five-year low in September as caution prevails amid protests