Property News · July 21, 2019

Hong Kong’s property buyers are rushing for the sidelines to wait out city’s festering political crisis and almost-daily protest rallies


Hong Kong’s residents are rushing for the sidelines in the city’s property market, as a political crisis festers while street rallies that have persisted for more than a month have deteriorated into violence.Sales of lived-in homes will fall 35.5 per cent to a five-month low of 2,600 transactions in July, with the value expected to drop 33.7 per cent to HK$24 billion (US$3.07 billion), according to a forecast by Centaline Property Agency. Even the flipping of car-parking space – a unique short…

Source : South China Morning Post
Read more…Hong Kong’s property buyers are rushing for the sidelines to wait out city’s festering political crisis and almost-daily protest rallies

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