Property News · July 30, 2019

Hong Kong property transactions drop by 48 per cent to yearly low, deposits worth HK$3.5 million forfeited as protests weigh on sentiment


Hong Kong homebuyers are having second thoughts about the biggest purchase of their lives, as nearly two months of unprecedented public unrest cast a pall over the city’s real-estate market.Weekly transactions involving used homes fell to their lowest level this year on Sunday, according to one of the city’s largest real-estate agencies, while a dozen buyers last week decided against completing contracts for new homes worth more than HK$70 million (US$8.9 million), forfeiting more than HK$3.5…

Source : South China Morning Post
Read more…Hong Kong property transactions drop by 48 per cent to yearly low, deposits worth HK.5 million forfeited as protests weigh on sentiment

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