Hong Kong developers rush sales as buying momentum builds, while city enjoys lull before security law storm

Hong Kong developers are expected to price their new projects at lower levels as they rush to capture a revival in buying interest as the government eases measures to control the coronavirus pandemic, according to analysts.New home sales surged in May to 2,085 new units worth HK$22.1 billion (US$2.85 billion), the highest in a year, according to data provider Dataelements. That is also more than double the business in April, and an almost five-fold jump over February when the market hit a multi…

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