Property News · February 4, 2020

Coronavirus fears will further slow Hong Kong’s sluggish construction work, say analysts, as property transactions slump to 12-month low


Property transactions in Hong Kong fell to a 12-month low as analysts warned the coronavirus outbreak is likely to further derail the world’s most expensive housing market.The value of homes changing hands in January dropped 17 per cent to HK$29 billion, while the number of units sold slipped to 3,776 from 3,908 a month earlier, the Land Registry revealed on Tuesday.Meanwhile, data from the Transport and Housing Bureau showed a total of 13,600 new flats were built last year, the lowest number…

Source : South China Morning Post
Read more…Coronavirus fears will further slow Hong Kong’s sluggish construction work, say analysts, as property transactions slump to 12-month low

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