Hong Kong property transactions sink to lowest level since April as third wave of coronavirus weighs on sentiment

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Hong Kong’s property market took a hit from the third wave of coronavirus outbreak, with transactions falling to a four-month low in August.It was a particularly disastrous month for sellers, with one individual incurring a massive loss of HK$38 million (US$4.9 million) on the sale of a house in Wong Chuk Hang.Overall transaction volume, including homes, commercial and industrial properties and car parking spaces, sank 34.2 per cent month on month in August to HK$45.59 billion, according to…

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