Hong Kong Monthly Digest – Nov 2022

The number of transactions for residential property in November reached the lowest level since February 2020 amid rising mortgage rates and bleak economic outlook, dropped 13% m-o-m to only 2,731 cases and hit the third consecutive straight month fall. In November, secondary home deals edged down 4% m-o-m to 2,366 registrations while sales in primary market sank 46% to only 365 transactions.

Along with the depressed sentiment, the private domestic price index…..

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