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