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The city’s overall transaction volumes fell to an all-time low (since 1996) ahead of the Chinese New Year holiday.
According to data released in January, home sales slumped 49.4% month-on-month in December to an all-time low of 2,045 units, roughly a third of the volume from a year ago.
The withdrawal of a residential land sale tender (in Yuen Long) for the second time in three months reflected faltering sentiment on the market outlook.
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15 February 2016
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