Property News · July 4, 2018

Property transactions down to a trickle after Hong Kong government takes steps to tackle housing crisis


Hong Kong’s red hot property market is taking a breather as potential buyers held back their purchases hoping for a price correction after the government announced a slew of measures to ease the housing crisis by increasing the supply of affordable housing.
Agents reported that sales of small- to medium-sized homes on the secondary market dropped by a third over the weekend.
Why time for just ‘talking the talk’ on housing is over for Carrie Lam
“Homes costing below HK$5…

Source : South China Morning Post
Read more…Property transactions down to a trickle after Hong Kong government takes steps to tackle housing crisis