Hong Kong’s home sales remained above the 5,000 level for the sixth consecutive month in August, further strengthening the view that the city’s residential property market may have bottomed out.
A total of 5,291 homes were transacted last month, according to data from the Land Registry on Tuesday, continuing a run above 5,000 that started in March. While the volume fell 8.2 per cent compared with 5,766 in July, it was nearly 45 per cent higher than a year ago.
In the first eight months of the...