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 are the property analysts predicting about prices this year?

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What stance have the top officials in Hong Kong taken regarding property market intervention?

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What evidence suggests that some sectors of the property market may be immune to the economic slowdown?

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How did the sale of the ultra-luxury property compare to analysts' expectations?

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What factors might be contributing to the hesitance in paying top dollar for ultra-luxury properties?

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