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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

Published 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.

Property-related businesses account for nearly a fifth of the ci…

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