Hong Kong’s falling private housing prices are weighing heavily on the sales of government subsidised homes.
The number of transactions of used Home Ownership Scheme (HOS) flats fell to 180 in October from 451 in May – the lowest since records began in 1996, according to data from Ricacorp Properties. Transaction volume also fell by nearly 60 per cent from HK$2.3 billion to HK$930 million in the same period.
Hong Kong’s private home prices fell by a combined 1.5 per cent from…
Source : South China Morning Post
Read more…Transactions of government subsidised homes sink to record low in October as property market wobbles
