Property News · March 27, 2020

Hong Kong’s property sales agencies report their worst financial results in years amid triple whammy industry slump


Hong Kong’s property agencies are reporting their worst financial results in years, as the coronavirus pandemic added to the woes of an industry that was already slumping from many months of anti-government protests and an unrelenting US-China trade war.Midland Holdings, the city’s largest publicly listed network of sales agents, reported a blowout 2019 loss of HK$68.92 million that was more than double its forecast, while its non-residential property sibling Midland IC&I posted a HK$19.5…

Source : South China Morning Post
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