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HK new home sales seen to reach record proceeds this year

Published Sun, Dec 28, 2014 · 09:50 PM
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Hong Kong

HONG KONG'S new home sales are expected to bring record proceeds this year as property developers actively sell new residential projects to raise cash for land.

Full-year new private residential sales in the city are estimated at HK$175 billion (S$30 billion), the highest since 1996, when the data was …

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