Mainland Chinese snap up Hong Kong homes in April, most in 2 years
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Mainland Chinese home purchases in Hong Kong surged 48% in April, reaching a two-year high with 1,892 homes bought worth HK$18.9 billion. This accounted for 27.5% of total purchases, primarily in the new home market. Analysts expect this trend to continue due to rising rents and a resilient stock market, with forecasts of at least a 10% price increase for the year. Private home prices rose for the 10th consecutive month, reflecting improved sentiment and demand.
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