Property News · May 3, 2019

Sales of pre-owned homes in Hong Kong surge to eight-year high as panicked buyers rush to beat rising prices


Panic buying of Hong Kong property has extended to the secondary market, with sales of pre-owned apartments surging to an eight-year high of HK$40.3 billion in April.The rise was fuelled by a flurry of activity in established housing estates where flats sold for record prices as buyers scrambled to strike before prices go up any further, according to property analysts.“The strong buying sentiment in the primary market has spilled over to the secondary market. We have seen many transactions in…

Source : South China Morning Post
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