Chilly weather and a soon-to-be launched big housing project in Yuen Long deterred homebuyers, with the primary residential market virtually grinding to a halt over the three-day Lunar New Year holiday.

'As far as I know, not a single flat has been sold. It may be the worst performance of recent years,' Sammy Po Siu-ming, a director of Midland Realty, said.

Potential homebuyers seemed unimpressed by the developers' festive sweeteners, he said.

South China Morning Post