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Mansion Global Daily: Snowbirds Switch Flight Pattern, Existing Home Sales in Dubai Reached a Nearly Seven-Year High, and More
Mansion Global’s daily round-up of the latest luxury real estate news from around the world
By Mansion Global Staff
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Originally Published On December 14, 2020
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Mansion Global
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Coronavirus Vaccines Could Boost Hong Kong’s Home Sales
An announcement over the weekend from the Hong Kong government that Covid-19 vaccines could be available as early as January "has sent positive signals to the market" and will boost sentiment in the real estate market, said Louis Chan Wing-kit, Asia-Pacific vice chairman and chief executive of the residential division at Centaline Property Agency. As a result, this past weekend, more prospective buyers showed up at apartment launches. Mainland Chinese developer Kaisa Group sold 39 of the first batch of 53 units on offer at its Concerto development in Sham Shui Po, with as many as six buyers bidding for every available apartment, agents said. South China Morning Post