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Healthy Year-end Sales Driven by Primary Market

The leasing market saw an increase in activities, with tenants taking advantage of the weaken sentiments to renew, relocate or downsize.

Favourable government policies have provided support for transaction volume during the year, the number of primary transactions reached a 15-year high.

Total retail sales value represented a continuous decline for 10 months, and the second biggest drop on record. We expect this drop to narrow in December 2019 because of the holiday season.


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