Hong Kong property deals slump to 6-month low as cooling measures wear off

Quick Summary:

Overall real estate transactions in August fell 10 per cent month on month to 4,729 units, while value declined 20 per cent to US$4.4 billion.

The value amounted to HK$28.47 billion, a 20 per cent slump from HK$35.7 billion in July.

Hong Kong’s property market lost some of its zip in August, with overall property transactions slumping to the lowest since February when cooling measures were still in place.

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Article Details

Author / Journalist: Cheryl Arcibal

Category: Business

Markets: Hong Kong

Topics: Units Value Billion August Cent Estate Transactions Real Fell February Month

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 18:39:11 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 205 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22345881

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