Property News · April 16, 2017

Hong Kong home buying fever surges to record high in first quarter, as purchasers splash out HK$47.5b


Hong Kong’s home buying fever continued unabated in the first quarter of this year, after purchasers splashing out a record HK$47.5 billion (US$6.11 billion) on new flats – the biggest buying spree ever, according to the latest figures from Midland Realty, the city’s only listed property agent.
But industry experts are now predicting the trend to slow considerably, after the Hong Kong government on Wednesday announced a new policy, whereby any local first-time buyer of…

Source : South China Morning Post
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