Hongkongers are expected to spend HK$170 billion (US$2.19 billion) on new homes this year. Photo: K. Y. Cheng Hongkongers are expected to spend HK$170 billion (US$2.19 billion) on new homes this year. Photo: K. Y. Cheng
Hongkongers are expected to spend HK$170 billion (US$2.19 billion) on new homes this year. Photo: K. Y. Cheng

Hong Kong property

Business

Hongkongers expected to spend US$21.9 billion on new homes this year, the lowest since 2015, says Centaline

  • Centaline expects the number of new homes sold in the whole of 2020 to be down 27 per cent to 15,000, the lowest for seven years
  • As developers offer their new projects at more attractive prices, home seekers have recently been flocking to the primary market

Topic |   Hong Kong property
Sandy Li
Sandy Li

Updated: 11:48am, 30 Nov, 2020

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Hongkongers are expected to spend HK$170 billion (US$2.19 billion) on new homes this year. Photo: K. Y. Cheng Hongkongers are expected to spend HK$170 billion (US$2.19 billion) on new homes this year. Photo: K. Y. Cheng
Hongkongers are expected to spend HK$170 billion (US$2.19 billion) on new homes this year. Photo: K. Y. Cheng

Corrected [11:48am, 30 Nov, 2020]

  • [11:48am, 30 Nov, 2020]

    Corrects currency conversion to US$21.9 billion in first paragraph

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