Property News · May 24, 2018

Property purchases in Hong Kong rise to US$38.2 billion, a 21-year high for first five months


The frenetic buying of homes, offices and car parks has lifted the total spend on property to HK$300.2 billion (US$38.2 billion) in less than five months this year, the highest level in the past 21 years, according to Hong Kong brokerage Midland Realty.
The record for the first five months – HK$402.1 billion – was set in 1997, but analysts expect total property transaction values to set a new record in 2018, as prices rise sky high.
The prices of used homes in Hong Kong have now…

Source : South China Morning Post
Read more…Property purchases in Hong Kong rise to US.2 billion, a 21-year high for first five months

You may also like...