The removal of property curbs a year ago has failed to support home prices, as the market value of private residential properties in Hong Kong was down by HK$480 billion (US$61.7 billion) since February 2024, Centaline Property said on Thursday.
Last year as part of his budget address, Financial Secretary Paul Chan Mo-po removed decade-old curbs on the property market in a drastic bid to support the ailing sector.
