Market Updates
HK Home Sales Transactions Soar
123jump.com Staff
02 Mar, 2010
New York City
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Hong Kong home sales rebounded as investors took advantage of low interest rates. Home sales increased 13% to HK$40.8 billion and number of transactions soared 161% in February from a year ago.
Hong Kong home sales increased 13% to HK$40.8 billion in February according to the Land Registry. The number of home sales transaction increased 10% from January to 11,733 and soared 161% from 4,487 in the month a year ago.
According to the data provided by Centaline Property Agency Ltd, existing home sales were HK$1.52 billion in the month on 960 transactions in the month. The monthly sale of existing homes is a record since November 1997.
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