`` Now most buyers are local and most mainlanders are n't making any moves . '' Hong Kong property sales fell 60 % in April 2013 year-on-year . Government policies aimed at short term investors , mainland Chinese taking effect . Fall in sales volumes hit both residential and commercial properties . Comment: Average property prices fell 2-3 % since March ; may fall no more than 10 % .
Hong Kong property sales fell 60 % in April 2013 year-on-year . Government policies aimed at short term investors , mainland Chinese taking effect . Fall in sales volumes hit both residential and commercial properties . Comment: Average property prices fell 2-3 % since March ; may fall no more than 10 % .