HK property on track for highest sales in at least 13 months, but prices still falling

News Snapshot:

HONG KONG – Hong Kong’s struggling property market has shown marked signs of improvement since the government scrapped all home buying curbs in late February. The volume of property sales in April so far – more than 8,200 transactions as at April 24 – is on track to be the highest since at least March 2023, when the figure was 8,599, according to data from Hong Kong’s Land Registry and Centaline Property Market Big Data. With a week to go before the month ends, the figure could even close at the highest since July 2021, when transactions totalled 9,957. The...