HK’s virus-hit property market grinds to a halt


“Buyers are adopting a wait-and-see attitude, ” said Sammy Po, chief executive officer of Midland Realty International Ltd’s residential department. “They will act only if they find bargains.”

HONG KONG: Hong Kong’s usually booming property market has virtually ground to a halt as the fear of coronavirus impacts life in the city.

Just 13 homes were sold in the first three weekends after Chinese New Year at the city’s 10 largest housing estates, according to Centaline Property Agency Ltd. data.

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