✉news BusinessReal Estate first seen 1 d ago, last 14 h ago, peak #13
Hong Kong New Home Sales Jump 95% as Secondary Market Lags
Original: Hong Kong Property Market Split: New Home Sales Jump 95%, Secondary Market Weak - News and Statistics
New home sales in Hong Kong have surged 95%, while the secondary property market remains weak, highlighting a sharp divide in the city's real estate sector. Developers' incentives and pricing on new projects appear to be drawing buyers away from older resale flats, leaving the second-hand market to struggle despite the momentum in new builds.
Why now: The stark contrast between booming new home sales and a sluggish resale market is drawing attention from buyers, investors and analysts watching Hong Kong's property recovery.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1841422