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?

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

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

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

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