News Snapshot:
[HK’s luxury home rents recover as mainland Chinese executives flush with IPO funds drive leasing deals] Luxury home rents are back on the rise, ending eight consecutive quarters of decline, as mainland Chinese executives, flush with funds from successful initial public offerings in Hong Kong, drive leasing transactions at the top end of the market, say property agents. Rents for luxury homes jumped 5 per cent in April and May, after falling as much as 13.5 per cent from a record high in August 2109, according to data from the Rating and Valuation Department. “Hong Kong Island tenants traditionally come...
