Real Estate
Hong Kong’s New Home Sales Surged Ten-Fold After Curbs Removed
- Midland Realty official sees sales reaching 2,000 in March
- Removal of curbs gave instant boost to market: Midland’s Po
Residential buildings in Hong Kong.
Photographer: Lam Yik/BloombergThis article is for subscribers only.
Hong Kong’s new home sales surged ten-fold after the government removed measures to cool the property market in its budget last week.
The city saw 117 daily sales of new homes in the five days since the curbs were lifted on Feb. 28, compared with an average of just 11 in the two months before the policy shift, according to a report by real estate agent Midland Realty.