Hong Kong residential market experienced a notable downturn. A total of 2,848 transactions were recorded across both the primary and secondary markets in September, reflecting a significant 22% decrease from August and marking a seven-month low.
The primary market saw a steep decline, with only 521 new home sales, a 55% drop month-on-month. This sharp decline can be attributed to reduced new project launches and prevailing market uncertainty. Secondary home sales were also affected, totaling 2,327 transactions, down 7% from the previous month……..
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