Frenzy for Hong Kong luxury homes set to continue after 156% sales rise in first quarter

Hong Kong’s sales of luxury homes more than doubled in the first quarter from a year earlier, helped by a buoyant stock market and attractively priced assets that drew the attention of wealthy investors including mainland Chinese buyers, according to analysts. The segment was likely to record another increase in the second quarter, they added. “With the wealth effect from accumulated gains in the stock market over the past two years, both local and mainland Chinese capital have seized the...