Hong Kong Property Market Rebounds as Developer Wang On Seizes Market Opportunities
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Hong Kong's property market is showing signs of recovery as weekend property transactions reach a three-year high. Last weekend, the 10 largest residential estates in Hong Kong saw a total of 37 apartments change hands, marking a 48% increase from the previous week. This surge in home sales follows the government's decision to remove cooling measures and extra property levies in an effort to boost the market .
The removal of these measures has had a significant impact on the market, with new-home sales increasing tenfold in the first five days after the cooling measures were lifted, compared to two months ago .
This rebound in the property market is seen as a positive outcome of the government's efforts to revitalize the stagnant property market and stimulate economic growth. The lifting...
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