The turnover at Kingswood Villas in Tin Shui Wai has plunged by more than 90 per cent from 14 transactions to just one last week, according to Midland Realty. Photo: Edward Wong
The turnover at Kingswood Villas in Tin Shui Wai has plunged by more than 90 per cent from 14 transactions to just one last week, according to Midland Realty. Photo: Edward Wong
Business

Hong Kong property transactions drop by 48 per cent to yearly low, deposits worth HK$3.5 million forfeited as protests weigh on sentiment

  • Deals at 35 major private estates drop by 48.9 per cent week on week
  • At least 12 buyers forfeit contracts for new homes

Lam Ka-sing
Lam Ka-sing

Updated: 9:44pm, 31 Jul, 2019

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The turnover at Kingswood Villas in Tin Shui Wai has plunged by more than 90 per cent from 14 transactions to just one last week, according to Midland Realty. Photo: Edward Wong
The turnover at Kingswood Villas in Tin Shui Wai has plunged by more than 90 per cent from 14 transactions to just one last week, according to Midland Realty. Photo: Edward Wong
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