Property News · July 13, 2020

Hong Kong property transactions expected to fall 11.6 per cent in July, with coronavirus third wave hurting demand


Property transactions in Hong Kong, including those involving homes, shops, industrial units and car parks, are expected to fall this month, as a third wave of coronavirus cases adds to the woes of a sector already hit hard by economic recession and rising unemployment.Centaline Property Agency forecast on Sunday that transactions will fall by 11.6 per cent month on month to 7,300 deals in July, and the total transaction value will decline 10.4 per cent to HK$63 billion (US$8.1 billion). The…

Source : South China Morning Post
Read more…Hong Kong property transactions expected to fall 11.6 per cent in July, with coronavirus third wave hurting demand

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