Photo by Ruslan Bardash via Unsplash.

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.

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