Hong Kong home sales are crashing. Residential home sales in Hong Kong tumbled 70% year-over-year in February, amounting to a 25-year low. Government statistics show 1,807 homes were sold during the month, down from 6,027 a year ago. According to Bloomberg, prices are down 10% since September as the market digests a slowing economy and government plans to increase the housing supply over the next five years.