Property sector has proved largely resilient during the protest period, US-China trade war. FMTNews Virus
Hong Kong’s property sector has proved largely resilient during the protest period, US-China trade war.
Memories of the 2003 Severe Acute Respiratory Syndrome have prompted most Hong Kongers to follow strict hygiene and social distancing guidelines. The other key lesson learned from that experience, some say, is that home prices recoverAs the local stock market was down 4%, a constant stream of potential buyers poured into the salesroom behind Chan.
Transaction volumes hit three-month highs in February, when the outbreak was at its worst in Hong Kong and when other key economic indicators are expected to have hit record lows. Property agents said secondary market prices found support after falling as much as 8% in some developments. March volumes so far looked even better, they said.
Lower interest rates, which in Hong Kong move in tandem with US rates, and unprecedented government handouts are contributing to the buy-the-dip rush.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
THAI Smile cancels flights to Hong KongBANGKOK (The Nation/ANN): THAI Smile Airways has temporarily cancelled flights to Hong Kong from March 13-28 due to the Covid-19 situation.
Read more »
Discarded coronavirus masks clutter Hong Kong's beaches, trailsNSTworld: Huge numbers of the facemasks are not disposed of properly, and have instead ended up dumped in the countryside or the sea, where marine life can mistake them for food. HongKong Coronavirus Covid19
Read more »
Discarded coronavirus masks clutter Hong Kong's beaches, trailsMasks dumped at the countryside or the sea pose a huge threat to marine life and wildlife habitats. FMTNews
Read more »
Hong Kong woman shocked with stun gun by masked robber, who stole HK$2,000 during bus stop attackIncident happened outside Kwai Chung Plaza shopping centre in Kwai Fuk Road at 5amSuspect is described as a Chinese man between 30 and 40, who is 1.7 metres tall and has short hair
Read more »
Memorial service for Hong Kong singer-actor Leslie Cheung cancelled due to Covid-19 outbreak | Malay MailKUALA LUMPUR, March 11 ― The annual memorial service for Hong Kong singer-actor Leslie Cheung on April 1 has been cancelled this year due to the Covid-19 outbreak. In a statement issued via its Facebook, the late celebrity's fan club “That's Leslie” said a commemorative event would be held on...
Read more »
Memorial service for Hong Kong singer-actor Leslie Cheung cancelled due to Covid-19 outbreak | Malay MailKUALA LUMPUR, March 11 ― The annual memorial service for Hong Kong singer-actor Leslie Cheung on April 1 has been cancelled this year due to the Covid-19 outbreak. In a statement issued via its Facebook, the late celebrity's fan club “That's Leslie” said a commemorative event would be held on...
Read more »