A research produced by
The February 2016 RICS Hong Kong Residential Market Survey shows a further deplation in sentiment with a net balance of 82% of surveyors reporting prices to have fallen over the course of the last three months.
Activity levels have decreased markedly in recent months ans a net balance of 70% of respondents reported vuyer demand to have fallen again during February. The price falls and reduced demand may be deterring potential vendors with a net balance of 39% of surveyors reporting a decrease in new instructions to sell, the fifth consecutive monthly decline.
Source : RICS
