Some 8,000 agents face “elimination” as the prolonged protests and US-China trade war hasten the decline in Hong Kong’s property prices and shrink transactions amid a lack of buying interest.“In the last two weeks, the extent of decline has sped up,” said Sammy Po, chief executive of the residential division at Midland Realty, adding that some homeowners were willing to slash prices by 10 per cent or more in the hope of finding buyers quickly.Po said as transactions shrink in the second half,…
Source : South China Morning Post
Read more…Some 8,000 agents face ‘elimination’ as transactions shrink in Hong Kong’s rapidly deteriorating property market















