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Hong Kong's new home transaction volume in the first quarter hits a 13-year high, with a "big buyer" purchasing 9 properties at once.
Hong Kong Midland Real Estate monitoring data shows that in this year’s first quarter, Hong Kong’s new home market recorded a cumulative 5,373 sales registrations, involving a total amount of HK$62.8 billion. Both figures rose 38% and 94% year over year, respectively, and both hit record highs for the same period in any year. Due to the lag in registration data, the actual number of new home transactions in the first quarter reached 6,300, also setting a record high for the same period since the implementation of Hong Kong’s new first-hand property regulations in 2013.