Housing transactions in Hong Kong hit a 26-month low in March because of higher borrowing costs and a devastating fifth wave of the coronavirus pandemic. In fact, the city’s total number of transactions including those involving homes, shops, industrial units and car parking spaces also hit a 26-month low in March. This number dropped to 3,828 deals valued at HK$34.8 billion (US$4.4 billion) last month, representing a month-on-month decline of 3.4 per cent, according to Midland Realty data. …
Source : South China Morning Post
Read more…Hong Kong’s housing deals hit a 26-month low in March, are expected to bounce back in April as fifth Covid-19 wave recedes
