Property News · July 3, 2020

Hong Kong’s new home sales surge to 13-month high in June as developers price projects aggressively to attract buyers


Sales of new flats in Hong Kong jumped to a 13-month high in June as developers stepped up marketing efforts and offered steeper discounts to woo buyers at a time of escalating US-China tensions and uncertainties over the coronavirus pandemic.New home sales surged 92 per cent month on month to 2,136 units in June, short of the 2,314 units sold in May 2019, according to Land Registry data on Friday. The value of transactions rose for the fifth consecutive month to HK$70.59 billion (US$9.1…

Source : South China Morning Post
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