Property News · December 17, 2019

Sales of luxury Hong Kong homes plunge to three-year low, with ‘cashed-up’ buyers not in the mood for big-ticket purchases


The sales of luxury homes in Hong Kong plunged to a three-year low in the first 11 months of 2019, with fewer local and mainland Chinese buyers willing to commit to big-ticket purchases since June, when the city’s anti-government protests started.The overall sales of homes costing HK$20 million (US$2.56 million) and above, including new and old properties, fell 34 per cent to 2,752 deals from January to November year on year, according to Centaline Property Agency. The value of transactions…

Source : South China Morning Post
Read more…Sales of luxury Hong Kong homes plunge to three-year low, with ‘cashed-up’ buyers not in the mood for big-ticket purchases

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