Fewer new flats sold over Christmas holidays this year

Hong Kong's property market is not benefiting from the Christmas spirit, with just a few new homes sold over the holiday period as the latest round of cooling measures bite.

"Christmas is a traditional low season for the property industry, but we saw much slower sales this year compared to a year ago," said Jeffrey Ng, the senior executive director of Hong Kong Property Services (Agency).

via Business feed http://www.scmp.com/business/article/1113146/fewer-new-flats-sold-over-christmas-holidays-year