Hong Kong residential sales fell by 8% month on month in July

The volume of residential sales in Hong Kong fell 8% month on month in July after three months of growth in a row, the latest figures from the Land Registry show. Overall property prices remained stable and this was due to sustainable end user demand, according to the analysis in the latest monthly report from international real estate firm Knight Frank. It explains that the new build market, which contributed to about one third of total residential transactions in Hong Kong, is where major deve...