Property News · January 3, 2019

2018, Hong Kong’s second-best year for property sales at US$93 billion, ended with a whimper in December


Hong Kong recorded its second-best year for property sales in 2018 on the back of a red hot first half, in which transactions worth HK$403.7 billion (US$51.5 billion) were reported. However, the market has cooled since August, when a 28-month bull run came to an end, with December recording a 58 per cent year-on-year drop in all property sales.
A total of 79,185 deals worth HK$729.56 billion were completed in the city in 2018. The record for the special administrative region’s property…

Source : South China Morning Post
Read more…2018, Hong Kong’s second-best year for property sales at US billion, ended with a whimper in December

You may also like...