Property News · December 3, 2019

Hong Kong’s November homes sales jump to six-month high as buyers take advantage of relaxed mortgage policy, price cuts


Hong Kong home sales surged to a six-month high in November on the back of an easing in mortgage lending policy and developers’ aggressive marketing of new projects, but market watchers say sales are unlikely to be sustained this month.Overall residential transactions surged 43.9 per cent month on month in November to 5,756, while value jumped 17.5 per cent to HK$47.78 billion (US$6.1 billion), according to figures from Land Registry on Tuesday. The number of transactions was also the highest…

Source : South China Morning Post
Read more…Hong Kong’s November homes sales jump to six-month high as buyers take advantage of relaxed mortgage policy, price cuts

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