So far this month, a total of 298 new homes worth a combined HK$3.05 billion (US$388.81 million) have sold at LP6 in Lohas Park, a project by Nan Fung Development. Photo: Roy Issaa

April property boom as Hong Kong transactions set for highest monthly level in six years

  • Total monthly transactions for property assets including homes, parking spaces, and commercial sites reached 7,850 as of April 24, the highest since November 2016
  • The city’s used home price index could breach a fresh record by the end of April, according to one analyst
Topic |   Hong Kong property

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So far this month, a total of 298 new homes worth a combined HK$3.05 billion (US$388.81 million) have sold at LP6 in Lohas Park, a project by Nan Fung Development. Photo: Roy Issaa
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Sale of 295 flats at Centra Horizon in Tai Po’s Pak Shek Kok by Billion Development and Project Management on 27 April 2019. Photo: SCMP/ Jonathan Wong

Buyers flock to Centra Horizon’s property sale in Tai Po, in an overwhelming response that is a harbinger of rising home prices

  • As many as 16 bids were received for every one of the 295 apartment units on offer, even if the average price was set 4.1 per cent higher than a previous sale in January
  • As of 7:45pm, 220 flats, or nearly 75 per cent of those available, were sold, agents said
Topic |   Hong Kong property

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Sale of 295 flats at Centra Horizon in Tai Po’s Pak Shek Kok by Billion Development and Project Management on 27 April 2019. Photo: SCMP/ Jonathan Wong
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