Property News · November 30, 2020

Hongkongers expected to spend US$2.19 billion on new homes this year, the lowest since 2015, says Centaline


Hongkongers are expected to spend HK$170 billion (US$2.19 billion) on new homes this year, the lowest since 2015, according to Centaline Property Agency.As a fourth wave of coronavirus cases adds to the woes of a property sector already hit hard by economic recession and rising unemployment, analysts expect a bumpy ride next year too.“The sharp fall in sales is largely due to the poor market sentiment in the first half. Developers faced immense challenges to catch up the sales in the second…

Source : South China Morning Post
Read more…Hongkongers expected to spend US.19 billion on new homes this year, the lowest since 2015, says Centaline

You may also like...