EconomyNew vs old: why new homes are far outselling resales in Hong Kong
Hong Kong’s housing market has split in recent months: sales of new homes have jumped, while the secondary market’s recovery has been much more subdued. Analysts attribute the gap mainly to developers cutting prices to reduce inventories ahead of expected interest-rate increases in the coming months, and say it may continue for some time.
New vs old: why new homes are far outselling resales in Hong Kong
Economy