Hong Kong’s new flat sales surge to 22-year high with HK$37.5 billion total for April

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Sales of new flats in Hong Kong surged to a 22-year high to HK$37.5 billion (US$4.82 billion) in April, driven by a rising number of big-ticket transactions and accelerated market launches by developers, according to property agents.
Centaline Property Agency forecast that there would have been 2,700 registered transactions in the primary market last month, 90 per cent more than the 1,412 deals recorded for March. The estimated value of transactions would correspondingly have increased 81.8 per…

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