Hong Kong new home sales far outpace second-hand market: why new flats sell better than resale ones

New home sales in Hong Kong have surged in recent months, far outpacing the only mild recovery in the second-hand market, with the gap between the two housing sectors widening markedly. Analysts say developers are slashing prices to clear stock in response to expected interest rate rises in the coming months, driving new home sales, and this trend is expected to continue for some time.