HK new home sales seen to reach record proceeds this year
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 first collected, Wong Leung-sing, an associate research director at Centaline Property Agency Ltd, said in a statement on Saturday.
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