| The Hong Kong residential property market is on the rise with housing sites fetching high prices in recent land auctions and individual residential developments registering record high transactions, Colliers International Hong Kong (CIH) has reported. But a slowdown in residential sales activity over the past quarter revealed a growing uncertainty in the market.
Ricky Poon, CIH’s executive director of residential sales said this was proven in cases where vendors were seen raising their asking prices by 3-5 per cent and in some cases, withdrawing their units from sale after the latest government land auction of the three sites in Mid-Levels, Kowloon Tong and Yuen Long..............................................Full Article: Source
|