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Sales of luxury homes in Hong Kong at a record high

27 10 4

THE amount of luxury home sales in Hong Kong, the world’s most expensive real estate market, peaked at a record high last year, a prominent property agency said.

The Centaline Property Agency homes that sold for HK$20 million (US$2.55 million) or more climbed above 4,000 for the first time, up 8.2 per cent on the year, to 4,189, according to the South China Morning Post.

Centaline’s figures showed the total value of the transactions reached HK$192.67 billion (US$24 billion), the highest since records began in 1996.

SEE ALSO: Hong Kong gives green light for 9,500 private flats worth US$10b


© Asian Correspondent