Investors ‘bulk buying’ flats remains key in Hong Kong amid red-hot rental market

Hong Kong’s bulk homebuyers are expected to remain a major force in the city’s new-home market in the second half of the year, after investor purchases hit record levels in the first six months on strong rental demand. A total of 654 buyers purchased two or more units in the primary market between January and June, acquiring 1,794 flats worth HK$17.4 billion (US$2.2 billion), according to Centaline Property. The figures more than doubled from a year earlier and marked record highs in terms of...