Hong Kong property transactions down 3.7% in February: report
But value rose more than threefold, partly thanks to a sale of a shopping mall.
Property transactions in Hong Kong decreased 3.7% in February compared to a month earlier, although total value more than tripled.
Citing data from estate agents, Savills Hong Kong reported 181 retail, commercial, and industrial property transactions during the month for a total value of HK$8.95b.
The number of retail shop transactions reportedly dropped slightly by 7%, with 39 transactions in February from about 42 in January. Total value rose by 89%, however, to HK$1.035b. This was driven up by the sale of Alto Residences’ shopping mall for HK$530m.