Property purchases in Hong Kong last month surged nearly 60% to the highest in eight months, as previously nervous buyers bet the market might be near its trough after a double-digit percentage fall in prices.
There were 8,062 property transactions - including residential, office, industrial and car parks - lodged with the Land Registry last month.
Among them, home purchases rose 58.28% to 7,102, beating a forecast by property agents. But the number of residential transactions still fell 25.63% year on year.
South China Morning Post