Hong Kong consumers' confidence in property has plummeted for the third consecutive quarter to a record low since a City University survey began last year.

The poll sampled the opinions of more than 1,000 people late last month and the conclusion was they are not that optimistic about buying flats.

Pollsters said the consumer confidence index for flat purchases scored only 66.3 out of 200. The figure, a drop from 75.5 in the third quarter last year, sank to a record low since the research began early last year. The index uses a scale of 0 points, which represents no confidence, to 200 points referring to complete confidence. Scores below 100 suggest people lack confidence.

South China Morning Post