Hong Kong real-estate gross sales fell to their lowest level in 5 months in February, reflecting warning amongst homebuyers and traders amid growing tensions between Washington and Beijing, in keeping with property companies.
“This displays the wait-and-see temper within the property market earlier than US President Trump took workplace in January,” stated Yeung Ming-yee, a senior affiliate director within the analysis division at Centaline. “As well as, many voters travelled overseas through the lengthy Lunar New 12 months vacation and postponed coming into the market.”
Midland Realty estimated that 4,303 items modified arms in February. Knowledge from its web site additionally confirmed that transaction worth was possible HK$27.52 billion, the bottom level in a yr.
If official information confirms the development, February can be the third consecutive month by which property offers have fallen since hitting a seven-month excessive of seven,689 transactions and a complete worth of HK$64.1 billion in November.
On Thursday, Trump stated Washington would levy a further 10 per cent in tariffs on all Chinese language imports, successfully doubling the ten per cent that was carried out on February 4.