This marks the third consecutive month of decline.
Hong Kong private home prices in February posted the biggest monthly decline since November 2018, falling 2.1% as the coronavirus spread across the financial centre.
The monthly price decline in one of the world’s least-affordable property markets was the third in a row, after January’s revised 0.1% drop, government data showed on 31 March. The February price index was about the same level recorded a year ago.
The epidemic brought Hong Kong to a virtual standstill last month, keeping shoppers, office workers and even protesters off the streets. The Chinese-ruled city’s property market has already been hit by the anti-government protests in the second half of last year.
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