|
|
Article: Roundup: HK Property Market on Track for Smooth Growth
- Article from:
- Xinhua News Agency
- Article date:
- May 6, 1999
CopyrightCopyright 1999 Xinhua English Newswire. Provided by ProQuest LLC. (Hide copyright information)
|
Hong Kong's property market has bottomed out after a year of
readjustment and embarked on the road of smooth development,
analysts
say.
Transactions are becoming brisk. On April 18, a new residential
building attracted more than 1,000 potential buyers and the 138
units
listed for transactions were sold in a single day. The good results
of land sale on April 20 strengthened the citizens' confidence in
property market.
The 900,000 residential units that have been completed and the
more than 30,000 units put on sale by property developers have
formed
a buoyant property market.
Prior to the financial crisis, an average of more than 10,000
housing transactions were conducted each month, giving ...