【World Property Journal】Hong Kong Residential Sales Slowing in 2023 from Economic Uncertainty

According to JLL's latest Hong Kong Residential Market Monitor released this week, amongst Hong Kong projects completed in the first half of 2023, only 55% of units were sold as of the end of June 2023, lower than the average sell-through rate of 78% over the last five years, a sign of the slowdown of residential sales. Since most buyers will likely maintain a wait-and-see attitude, the demand in the primary market is expected to remain under pressure in the second half of the year. 

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