Residential property sales market slow in Hong Kong, rentals set to rise as a result

Sentiment in Hong Kong's residential property market remains sluggish following a series of real estate tightening measures imposed by the government, according to the latest monthly report from Knight Frank. Data from the Land Registry show that residential transaction volume slumped 28.1% month on month, with only 4,534 sales recorded in March. The reports says that investors and non-local buyers, mostly from mainland China, have been virtually screened out from the residential market due to h...