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HK home sales tumble 70% as slowdown intensifies

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Published Mon, Mar 7, 2016 · 09:50 PM

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    Hong Kong

    Hong Kong residential home sales plunged 70 per cent in February from a year earlier to a 25-year low, as falling prices and economic uncertainty deterred buyers.

    Last month, 1,807 homes were sold in Hong Kong, compared with 6,027 a year earlier, according to government statistics. Home sales fell from 2,045 in January, the data show.

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