Hong Kong property deals rise to 3-month high as buyers take advantage of rate cut

Hong Kong property deals surged to a three-month high in October, a month after the US Federal Reserve and the Hong Kong Monetary Authority (HKMA) loosened monetary policies again this year since a pause that began in December. Sales of new and second-hand homes - as well as office units, shops, industrial properties and parking spaces - rose 4.7 per cent to 7,190 units, up from 6,870 units in September, according to data released by the Land Registry on Tuesday. That was the most since July's total of 7,2 ...