Property News · January 21, 2020

Hong Kong protests weigh heavily on retail property transactions as volumes sink to an all-time low last year


Hong Kong’s commercial and industrial property transaction volumes fell to the lowest level last year since record-keeping started in 1996, sinking nearly 50 per cent year on year, as investor sentiment took a beating since the anti-government protests started last June.Transaction volumes of industrial units, offices and shops plummeted to 4,636, from 9,217 in 2018, while turnover tumbled 35 per cent to HK$103.8 billion (US$13.3 billion), from HK$160.3 billion the previous year, according to…

Source : South China Morning Post
Read more…Hong Kong protests weigh heavily on retail property transactions as volumes sink to an all-time low last year

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