Property News · December 9, 2019

Flash in the pan? Hong Kong’s November pickup in home sales may be short-lived, Citi survey finds


Confidence in Hong Kong’s property market weakened further in the fourth quarter, despite a spike in sales in November driven by price cuts and aggressive marketing, according to a survey by Citi Hong Kong.The investment bank’s survey found that 57 per cent of respondents were “very uninterested” in buying a property now, up from 49 per cent during the same period last year, and six percentage points higher than in the previous quarter. Almost half of the respondents, 46 per cent, believe…

Source : South China Morning Post
Read more…Flash in the pan? Hong Kong’s November pickup in home sales may be short-lived, Citi survey finds

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