Hong Kong recently announced a new fiscal budget to "remove the heat" in the property market. All residential property transactions no longer need to pay additional stamp duty.
The first new property went on sale on the 3rd. Belgravia Place, a residential project owned by Henderson Land Co., Ltd., located in Cheung Sha Wan, Hong Kong. First round of 138 residential units were all sold out in just a few hours on the first day of sale, which injected a boost into the market.