Published: 11:45pm, 2 Sep, 2015 Updated: 2:54pm, 20 Jul, 2018
Hong Kong property sales have dropped to the lowest levels in 2015 due to low market confidence after recent Chinese stock market crashes and subsequent economic uncertainty. Slow sales are expected to continue, spurring developers and homeowners to drop property prices by 5 to 10 percent; investors who suffered in the crashes may also rush to panic sell properties in a bid to recuperate their losses.