Hong Kong deals and prices recorded month-on-month declines for the past month, property agents said.

In the secondary markets of 10 major housing estates monitored by Centaline Property Agency, a total of 591 deals were recorded in November, 17% less than the transactions in October.

Buyer sentiment was dampened after the tightening of lending on luxury homes and expressions of concern from the government over prices and transparency in the luxury sector

South China Morning Post