Hong Kong | Home sales rise to 15-month high on demand

Views Of Property As Hong Kong's Home Prices Rose 9% This Year

Hong Kong home sales rose to the highest level in at least 15 months in September, government figures released yesterday show.
The number of homes sold reached 7,826 with a value of HKD56 billion (USD7.2 billion), according to figures on the Hong Kong Land Registry’s website. That’s up from the 5,821 units that changed hands in August, with a value of HKD40.6 billion.
Demand from buyers has slowly recovered since home sales fell to a 25-year low in February, spurred by aggressive discounts offered by Hong Kong developers. They are also providing mortgages worth as much as 120 percent of a property’s value.

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