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Property transactions in Hong Kong hit the lowest level in 33 years in 2023 as sluggish economic outlook and high interest rates dampened potential homebuyers' sentiment.
A total of 58,035 properties changed hands in Hong Kong in 2023, falling by 2.7% from the previous year and hitting the lowest since 1991, while the value of the transactions slid 13.8% to hit a 10-year low of HK$477.9 billion, according to . . .
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