Property News · February 7, 2019

Sales of used homes in Hong Kong gain momentum as owners slash prices


Sales of used homes on big housing estates in Hong Kong gained momentum last week as homeowners offered greater discounts and investment banks forecast house prices would hit a nadir in March.
The number of transactions at 50 major housing estates, tracked by Ricacorp Properties, stayed above 100 for a fourth consecutive week, reaching 138 in the week ended February 3, a 40-week high.
“Owners are less aggressive with their asking prices. Prices are generally down 5 to 10 per cent from the…

Source : South China Morning Post
Read more…Sales of used homes in Hong Kong gain momentum as owners slash prices

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