Hong Kong property sales slip to 4-month low as tariffs, interest-rate path unnerved buyers

Quick Summary:

Deals involving residential and commercial properties and parking spaces fell in January as buyers braced for geopolitical tensions, slower rate cuts.

The Federal Reserve last week kept its key interest rate unchanged to reassess inflation and labour market conditions.“The overall transaction registration volume in February will only remain stagnant, or show a slight increase at best,” said Derek Chan, head of research at Ricacorp.“Property investors have turned cautious” to see how the tariff war plays out, he added.

Property sales in Hong Kong fell to a four-month low in January, pointing to a more challenging environment for the sector in the coming months as buyers were rattled by rising geopolitical tensions and uncertain interest-rate trajectory.

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Article Details

Author / Journalist: Cheryl Arcibal

Category: Business

Markets: Hong KongCanadaChinaMexico

Topics: Billion Properties Value Sales Ricacorp Tariff Month Transactions Cent Data According

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-04 @ 14:53:59 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 217 words

Reading Time: 2 minutes read

Sentences: 5 lines

Sentence Length: 44 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 25880110

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