The new-home market is just as robust. Henderson Land Development Co’s project Belgravia Place in Kowloon sold all of the 138 units on offer in a mere four hours on Sunday, the company said. That’s after the apartments received more than 4,400 applications to purchase them, meaning the units are 31 times oversubscribed.
Hong Kong’s property market saw the best weekend in a year after the government lifted decade-long curbs on homebuying.
The financial hub’s 10 biggest estates recorded the most sales in 61 weeks with 27 transactions, 3.5 times higher than the previous weekend, according to Midland Realty, which tracks the data as a gauge of second-hand market sentiment.
