Buyers pile into Hong Kong’s biggest weekend property sales in seven months as they park their investments in fixed assets

Buyers piled into Hong Kong’s biggest weekend property sales in seven months, snapping up new homes on offer at three locations across the city over the Labour Day holiday weekend, as they set aside concerns of a flare-up in coronavirus cases to park their investments in fixed assets.

Investors and owner-occupiers bought 379 flats, or 76 per cent of the 500 units on offer across the city as of 8.40pm, according to sales agents. The total tally excluded 10 luxury units which were sold without price guidance, the results of which will be disclosed next week.