In the first six months total sales of new flats fell 24.7 per cent to 6,458 deals from the previous half, according to government data. Photo: Xiaomei Chen
In the first six months total sales of new flats fell 24.7 per cent to 6,458 deals from the previous half, according to government data. Photo: Xiaomei Chen

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

  • Social-distancing measures and fear of infection have prevented buyers from viewing used homes on the market, say agents
  • Home prices, however, are unlikely to drop significantly as interest rates remain low, says Eric Tso of mReferral

In the first six months total sales of new flats fell 24.7 per cent to 6,458 deals from the previous half, according to government data. Photo: Xiaomei Chen
In the first six months total sales of new flats fell 24.7 per cent to 6,458 deals from the previous half, according to government data. Photo: Xiaomei Chen
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