Coronavirus fears will further slow Hong Kong’s sluggish construction work, say analysts, as property transactions slump to 13-month low

Property transactions in Hong Kong fell to a 13-month low as analysts warned the coronavirus outbreak is likely to further derail the world’s most expensive housing market.The value of all properties changing hands in January dropped 17 per cent to HK$29 billion, while the number of transactions slipped to 3,776 from 3,908 a month earlier, the Land Registry revealed on Tuesday.Meanwhile, data from the Transport and Housing Bureau showed a total of 13,600 new flats were built last year, the…