Hong Kong Residential Sales Plunge 70% in February

The video discusses the economic slowdown affecting property prices in Hong Kong, with analysts predicting a 30% drop. Despite this, office properties remain resilient, with Chinese companies making significant purchases. The ultra-luxury market shows quick sales but at lower-than-expected prices, indicating hesitance in paying top dollar. Public sentiment reflects a wait-and-see approach due to anticipated price drops.

What is the predicted percentage drop in property prices according to analysts?

• 30%

• 20%

• 10%

• 40%

Which sector of the property market is showing resilience despite the economic slowdown?

• Industrial

• Residential

• Office

• Retail

Which company recently made a significant purchase in the office property sector?

• Alibaba

• Tencent

• China Everbright

• Baidu

How long did it take for the ultra-luxury residential property to sell?

• 1 hour

• 2 hours

• 3 hours

• 4 hours

What was the selling price of the ultra-luxury property compared to analysts' expectations?

• Higher than expected

• Not sold

• As expected

• Lower than expected