Shares of Hong Kong’s biggest developers rose on Monday morning as the figures spurred optimism that the relaxation of cooling measures will continue to stimulate housing demand.
Hong Kong’s 10 biggest residential estates saw transactions rise to the highest in three years last weekend, according to Centaline Property Agency, as the market continued to benefit from recent easing steps.
A total of 37 apartments changed hands on the weekend, up 48% from a week earlier. Hong Kong property buyers have been rushing to snap up homes after the government removed extra property levies last month to boost the market.
