Hong Kong’s April property deals jump to 5-month high as buyers dived in on stamp duty cut

Quick Summary:

Real estate sales rose 9.8 per cent to HK$50.1 billion involving 7,229 new homes, lived-in abodes, offices, shops, car parking slots and industrial space.

The first batch of Sierra Sea was offered at an average price of HK$10,877 per square foot after discounts, about 20 per cent cheaper than lived-in homes in the same neighbourhood, according to Midland Realty.

People at a shopping centre in Kai Tak with the public housing estate in the background on April 24, 2025.

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Article Details

Author / Journalist: Cheryl Arcibal

Category: Business

Markets: Hong Kong

Topics: April Real Buyers Estate Properties Sales Cent Property Data Homes Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 19:00:22 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 302 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 28437199

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