Hong Kong property sales fell 2-3 % in March year-on-year . Government policies aimed at short term investors , mainland Chinese taking effect . Fall in sales volumes hit both residential and commercial properties . Analyst : Average property prices fell 2-3 % since April 2013 ; may fall 2-3 % .
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 . Analyst : Average property prices fell 2-3 % since March ; may fall no more than 10 % .