Sales of homes in Hong Kong shot up to a six-month high in November. Photo: Nora Tam

Flash in the pan? Hong Kong’s November pickup in home sales may be short-lived, Citi survey finds

  • The investment bank’s survey found that 57 per cent of respondents were ‘very uninterested’ in buying a property now
  • A spike in sales in November was caused by price cuts, aggressive marketing and loosening of mortgage rules, and does not reflect sentiment, say analysts
Topic |   Hong Kong property

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Sales of homes in Hong Kong shot up to a six-month high in November. Photo: Nora Tam
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Snow Xia

Snow Xia

Snow Xia joined the South China Morning Post in 2019. Prior to this, she produced documentary videos for Boston Channel 5 (Hearst Television) in the United States. She graduated with a Master’s in journalism from Boston University and a Bachelor's in finance from Kean University.