Pursuits
Hong Kong January Home Sales Hit 25-Year Low, Centaline Says
- January sales estimated at 3,000 units, lowest since 1991
- Previous monthly low record of 3,786 units in November 2008
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Hong Kong home sales slumped to the lowest in at least a quarter-century last month, Centaline Property Agency Ltd. estimated, adding to evidence that prices have further to fall.
Centaline estimated January sales of new and secondary homes would reach 3,000 units, the lowest monthly figure since it started tracking data in January 1991. The previous low was 3,786 units in November 2008, according to a Jan. 31 release.