Property News · December 6, 2016

Developers could defer project launches as sentiment sours


Hong Kong developers are expected to defer the marketing launches of an estimated 3,500 flats as buying sentiment is souring quickly on concerns over the stamp-duty increase, applied to curb price growth, and an imminent rise in United States interest rates, industry experts warn.
Prospective buyers stayed on the sidelines over the weekend, cutting the number of secondary-market transactions to single digits among the city’s four leading agents over the weekend, the sixth consecutive…

Source : South China Morning Post
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