Property News · June 27, 2021

Hong Kong sees rising interest in property auctions, as housing market outlook improves


Interest in property auctions has risen amid a boom in Hong Kong’s housing market, despite a decline in the number of properties foreclosed.An improving economy, the easing coronavirus pandemic and low interest rates have all contributed to this trend, market players said.“The number of [potential buyers] has increased by about 10 per cent than [earlier] because of the rising property market,” said Henry Choi, a director at Century 21 Surveyors, which conducts property auctions.The rise in…

Source : South China Morning Post
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