Midland Realty: Hong Kong's luxury property market saw a surge in new home sales in October, with over HK$50 million in transactions, doubling from the previous month and reaching a one-year high.

According to the research of the American Real Estate Research Center, based on data from the "First-hand Residential Property Sales Information Network" and market reports, in October, over 500 million Hong Kong dollars of first-hand luxury homes were transacted in 66 cases, a significant increase of about one time compared to 33 cases in September. The number of transactions has been increasing for 3 consecutive months, reaching a one-year high since October last year.