Property News · February 2, 2019

Hong Kong home sales grind to a near halt ahead of the Lunar New Year holiday


Hong Kong’s primary real estate market has hit a soft patch ahead of the Lunar New Year, a normal seasonal pattern before the annual holiday which gets underway next week, although analysts caution that potential buyers are especially jittery amid the current drop in home prices.
Only two of 101 flats on offer were sold on Friday at Reach Summit, a Yuen Long project developed by Henderson Land Development and New World Development, as of 3.50pm.
“As the Lunar New Year is coming,…

Source : South China Morning Post
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