Hong Kong’s March property sales rise to 4-month high, in a sign of improving sentiment

Quick Summary:

Sales of new and lived-in homes, shops, office units, car parking space and industrial properties jumped by 55 per cent to 6,657 lots last month.

The change could spur sales of HK$4 million flats to account for 30 per cent of private home sales, up from 25 per cent in 2024, CBRE said.“The easing of stamp duties for properties worth HK$4 million has led to many buyers chasing small residential units,” said Ricacorp’s head of research Derek Chan.

That would be the highest monthly transactions since the 7,695 lots in November, the agency said.

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Article Details

Author / Journalist: Cheryl Arcibal

Category: Business

Markets: Hong Kong

Topics: Sales Homes Hk$4 Highest Months Million Properties Hong Market Cent Property

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-02 @ 08:30:07 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 278 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 35 words per sentence (average)

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Copyright Owner: © SCMP

News ID: 27526631

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