Homebuyers spent HK$214 billion (US$27.3 billion) on more than 20,000 new flats in the first 11 months of the year, the most since 2004, as developers rushed to offload stock because of the impending vacancy tax and uncertain market outlook, according to Ricacorp Properties.The average flat price fell 26.8 per cent to HK$10.67 million this year after having risen for three straight years to a record HK$14.59 million in 2018, as nearly six months of protests have hurt sales, according to the…
Source : South China Morning Post
Read more…New flat sales in Hong Kong at 15-year high as developers offer deep discounts amid protests, impending vacancy tax















