Hong Kong New Home Sales Hit 11-Year High After Property Curbs Removed
- New developments, government policy spur increased purchases
- CK Asset’s Blue Coast had 50 times more bidders than units
Hong Kong authorities scrapped property curbs in late February to revive the sector.
Photographer: Lam Yik/BloombergThis article is for subscribers only.
Hong Kong’s new home transactions hit an 11-year high in March, an encouraging sign for the beaten-down property market after the government lifted cooling measures.
There were close to 4,200 sales in the period, more than 14 times the figures from the prior month, according to real estate agent Midland Realty.