Property transactions in Hong Kong may drop by about a 10th in August, with second-hand home sales leading the way with a 20 per cent plunge, as a third wave of Covid-19 infections deters buyers, according to real estate analysts.The total number of deals – new and lived-in homes, commercial and retail property – is expected to fall by 10 per cent to below the 7,000-mark, marking two straight months of decline, said Wong Leung-sing, senior associate director of research at Centaline Property…
from South China Morning Post https://www.scmp.com/business/article/3095719/property-deals-expected-fall-10-cent-august-second-hand-home-sales
Monday, August 3, 2020
Hong Kong property deals expected to fall 10 per cent in August, with second-hand home sales plunging by a fifth, as Covid-19 risk rattles buyers, sellers
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