Property deals jump in Hong Kong in 35 major residential projects during the two-week period that ends on January 8th, Invest-Gate reports.
The recent figures are the highest in eight months, real estate brokerage company Midland Realty says.
Authorities start opening land borders between China and Hong Kong as of January 8th after the cancelation of China’s zero-Covid policy.
Property prices in Hong Kong are expected to reach their lowest level during the second quarter of 2023, and then jump by 5% for the whole year.
According to a survey conducted by Bloomberg, the peninsula’s economy is set to grow by around 3.3% in 2023.