Potential buyers wait in line to buy flats at Sino Land’s Grand Mayfair residential development in Yuen Long, on May 20, 2022. Photo: Xiaomei Chen
Potential buyers wait in line to buy flats at Sino Land’s Grand Mayfair residential development in Yuen Long, on May 20, 2022. Photo: Xiaomei Chen

Hong Kong’s property market regains mojo as deals hit 10-month high in May

  • Overall property transactions jumped 63.8 per cent month-on-month to 7,949 in May, which was also the highest since 9,957 clocked in July 2021
  • Sales of new homes saw the biggest jump in May, rising nearly fivefold to 1,492 units from the previous month

Potential buyers wait in line to buy flats at Sino Land’s Grand Mayfair residential development in Yuen Long, on May 20, 2022. Photo: Xiaomei Chen
Potential buyers wait in line to buy flats at Sino Land’s Grand Mayfair residential development in Yuen Long, on May 20, 2022. Photo: Xiaomei Chen
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