As coronavirus makes work from home the new normal, Hong Kong homebuyers favour New Territories, study shows

The coronavirus pandemic is causing a shift in home buying preferences in Hong Kong, with demand shifting to outlying areas away from densely populated downtown districts, according to a study by US consumer research company ValueChampion.In Hong Kong, the total transaction value of homes in the New Territories in the first seven months outpaced the central areas of the city for the first time since 2000, the study showed.The central areas – defined as Hong Kong Island and Kowloon – saw the…

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