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Hong Kong’s first-quarter home purchase forfeitures drop in boost for market sentiment

SCMP LogoSCMP16h ago

Hong Kong’s first-quarter home purchase forfeitures drop in boost for market sentiment - SCMP

Quick Summary:

Forfeitures of deposits declined to 83 cases in the first quarter, 20 per cent lower compared with the last quarter of 2024, according to Centaline.

The scheme covered uncompleted homes for self-occupation sold between January 1, 2021 and December 31, 2023, where the buyer had paid more than the valuation for the property.

The figure fell 47 per cent year on year, the agency said.

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Article Details

Author / Journalist: Salina Li

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-15 @ 15:15:07 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 253 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 32 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 27909652

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About SCMP

SCMP Logo

Main Topics: Business

Official Website: scmp.com

Update Frequency: 11 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 11 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

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The story "Hong Kong’s first-quarter home purchase forfeitures drop in boost for market sentiment" was covered 16 hours ago by SCMP, a news publisher based in Hong Kong.

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The outlet is headquartered in Hong Kong and publishes an average of 11 news stories per day.

It's most recent story was published 11 hours ago.

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  • News ID: #27909652
  • URL: https://chronographically.beamstart.com/news/hong-kongs-first-quarter-home-17447017972308

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