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Hong Kong flat sales take hit from cooling measures

Posted on 06 March 2013

Hong Kong home sales took a hit last week from the latest round of measures to cool the market, with no transactions recorded in 18 major housing estates. Just 38 properties were sold in the 35 major housing estates monitored by real estate agency Midland Realty between February 25 and March 3. That was a 40 per cent drop from the preceding week.
“More than half of the housing estates we monitor achieved zero transactions,” said Midland Realty chief analyst Buggle Lau Ka-fai. The estates included some of those popular with buyers, such as South Horizons in Ap Lei Chau, Chi Fu Garden in Pok Fu Lam, Parc Oasis in Yau Yat Chuen and Telford Gardens in Kowloon Bay………………………………………..Full Article: Source


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