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