Hong Kong Home Sales Surge on Weekend After Curbs Lifted
- Second-hand sales see most transactions in more than a year
- Henderson Land sold 138 apartments in four hours on Sunday
The government last week made the most drastic move to boost the ailing property market by removing all of the extra taxes and loosening mortgage rules.
Photographer: Lam Yik/BloombergThis article is for subscribers only.
Hong Kong’s property market saw the best weekend in a year after the government lifted decade-long curbs on homebuying.
The financial hub’s 10 biggest estates recorded the most sales in 61 weeks with 27 transactions, 3.5 times higher than the previous weekend, according to Midland Realty, which tracks the data as a gauge of second-hand market sentiment.