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HK property sales fall 12% in 2015, underscores fears of slowdown
Mortgage rates remain stable so far despite HK dollar's peg to US dollar and US Fed's rate hike
Add BT as a preferred sourcePublished Thu, Feb 4, 2016 · 09:50 PM
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Hong Kong
HONG Kong property transactions fell 12 per cent in 2015, government data showed on Thursday, underscoring fears about an economic slowdown in the Asia financial centre even as it faces a growing drag from cooling activity in China.
Hong Kong's property prices remain among the highest in the world, although they have eased since September and analysts expect a further decline this year.
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