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Hong Kong’s buyers turn up in droves to snap up discounted new homes as prospect of rate cuts trump protests and trade war

Hong Kong’s property buyers turned up in droves to snap up new flats on sale at two districts across the city, taking solace from dovish interest rate stances by US and local monetary authorities.Sun Hung Kai Properties (SHK), the city’s largest developer by value, sold 116 units of the 130 flats offered for sale at the second phase of the Mount Regency complex in Tuen Mun, according to agents. Nearby in Yuen Long, New World Development sold 111 of the 128 flats on offer at Atrium House.Both… Source link

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China’s smaller cities regain their mojo in March, as homebuyers return in droves, snapping a four-month deceleration in prices

The prices of China’s new homes snapped their four-month consecutive deceleration in March, recording a modest rebound last month as the easing of price-control regulations among the country’s far-flung smaller cities fuelled demand and prices.Prices advanced by 0.61 per cent in March, from February, at a faster monthly pace than the 0.53 per cent gain a month earlier, according to a Bloomberg calculation using National Bureau of Statistics data. New abodes cost more in March in 65 cities out… Source link

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Property 

Hong Kong’s home buyers return in droves as banks kept mortgage rates unchanged amid a dovish monetary policy

Hong Kong’s property buyers are back in droves, as commercial banks kept the city’s mortgage rates unchanged amid a dovish policy stance by the local monetary authority.Across the city, four property projects with 891 flats in total were offered for sale in Lohas Park, To Kwa Wan, Yau Tong and West Kowloon in the biggest weekend launch in a year. As of 4:30pm, 447 of the total offering, or just over 50 per cent, had been sold, according to sales agents.“The purchasing power accumulated from… Source link

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