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Story summary
- Derek Chan Hoi-chiu of Ricacorp Properties said Hong Kong's residential market rebounded in the Year of the Snake, ending three years of decline.
- Prices rose 7.3% during the Year of the Snake, with 87,506 transactions totaling HK$678 billion (US$86.8 billion).
- Ricacorp Properties estimates 88,200 transactions valued at HK$684 billion, up 31% from last year.
- Chan expects momentum to continue in the Year of the Horse, aided by lower rates.
