Hong Kong’s residential property market was dealt a double blow after the government withdrew a residential site in Tung Chung owing to low bids even as property deals in October fell to a more than seven-year low, highlighting the difficulty that the sector is facing amid economic uncertainty and high interest rates.
Source : South China Morning Post
Read more…Hong Kong property in double trouble after government rejects bids for Tung Chung site, deal flow in Oct at 7-year low
