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Night shift worker buys HK flat for US$677K | HK Weekend Property Market Recap

Squarefoot 編輯部  2023-06-13  47 #講談樓市

Proving that Hong Kong real estate never sleeps, a night shift worker secured a flat for HK$5.3 million (US$676,533) late in the evening. After negotiating by phone until late, the seller and property agent personally drove to Yuen Long, where the buyer works, to sign a provisional sale and purchase agreement.

In addition, the city’s Financial Secretary Paul Chan Mo-po said last week that the government has no intention of easing property cooling measures at the moment, but would consider relaxing the loan-to-value ratio for first-time home buyers.

Over the weekend, sales remained low as Hong Kong’s four biggest real estate agencies recorded three to five transactions for the city’s top ten blue-chip housing estates. A number of estates failed to record transactions, including Taikoo Shing and Kornhill in Quarry Bay.

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