New vs old: why new-builds are far outselling used homes in Hong Kong
A clear divide has opened up in Hong Kong’s property market in recent months: sales of new-build homes have surged, but the recovery in the secondary market has remained far more modest.
The contrast between the two segments is not a coincidence – and is likely to persist for some time, according to analysts.
The trend is largely being driven by developers slashing prices on new-builds to clear their inventories ahead of expected interest rate rises in the coming months.
This is making new homes...
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