Hong Kong property market: In November, nearly 65% of Hong Kong's second-hand residential properties achieved a profit, reaching a 9-month high.
According to the financial news app Zhitong Finance, Wang Pindi, director of the property research department of Hong Kong Real Estate, stated that as the Hong Kong property prices bottomed out in the middle of the year, profit margins have gradually improved. According to data from the Hong Kong Real Estate Research Department, based on known second-hand residential purchases and excluding known internal transfers and special transaction cases, the profit margin recorded in November was approximately 64.9%, an increase of about 1.1 percentage points from October's approximately 63.8%, marking a 4-month consecutive increase and a 9-month high.
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