The housing market has picked up steam, thanks to the full reopening of the border and the tax cut on first-time buyers. The number of transactions for residential hit an 8-month high to 4,282 in February, surged 40% from a month earlier. Of these, new home sales soared 80% m-o-m to 655 cases while secondary market saw a m-o-m jump of 35% to 3,627, marking the highest level in nine months.
Luxury home sales were buoyant in February, for instance, SHKP sold a 1,574-sq ft four-bedroom flat at The Cullinan atop Kowloon MTR Station for a lofty HK$132 million……
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