Hong Kong property sales slumped 15% over the weekend (fromt the previous weekend) after a...

|By:, SA News Editor

Hong Kong property sales slumped 15% over the weekend (fromt the previous weekend) after a doubling in the sales tax last week. "The government intends to turn away yield-seeking investors from all property markets," says the team at JPMorgan. A gauge of property developers fell for its 7th consecutive session overnight.