A Hong Kong media report (The Normal):
- The ten main housing estates recorded zero transactions over the four-day vacation in a primary since 2005, when the property market was roiled by the SARS outbreak
- Amongst these reporting the downturn was Centaline Property at its 10 blue-chip estates over the previous weekend, in comparison with 4 circumstances the earlier weekend and marking a brand new low after September 2018.
- Persons are adopting a wait-and-see angle forward of the finances announcement on February 28, when “spicy home measures,” launched to chill the property market, are broadly anticipated to be scrapped.
Whereas that is Hong Kong, and never mainland China it’s indicative of a property sector that continues to languish.
This text was written by Eamonn Sheridan at www.forexlive.com.
