Hong Kong housing developers hope for better 2013

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Property sales in Hong Kong are expected to have risen 6 per cent last year, with the total value of deals climbing to a two-year high thanks to rapid growth in home prices.

Leading players are expecting potential purchasers to return after the Lunar New Year when sentiment is likely to swing upwards

I was delighted by the government’s announcement on Monday, December 24, that it planned to boost land supply [in the coming quarter] for the construction of 3,000 new apartments.

This is a welcome gift for the New Year. This joint initiative of boosting land supply and building the additional flats can help to cool the overheating property market

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