Hong Kong’s weekend home sales fell 16% at major developments as concerns about Dubai World’s debt prompted buyers to slow purchases, Centaline Property Agency said.

Residential transactions at Hong Kong’s 10 biggest developments dropped to 32 between 28-29 Nov from 38 the prior weekend, Louis Chan, general manager of residential properties at Centaline, said by phone today.

'Since the global financial crisis erupted last year, buyers have become more wary of any adverse news coming from the financial markets,' Chan said.