Record High Home Sales Signal Recovery in Hong Kong Property Market

In a promising turn of events, Hong Kong's new home transactions in March soared to an 11-year high, offering much-needed hope to the struggling property market following the government's decision to remove cooling measures. The period witnessed approximately 4,200 sales, marking a significant surge that was over 14 times the figures from the previous month, as reported by real estate agent Midland Realty. This upturn in home sales not only reflects the resilience of the housing sector but also hints at the potential recovery on the horizon for Hong Kong's property market.