The Hong Kong residential sector bounced back for the second month running, helped by the highest luxury sales this year, the latest market analysis shows.

On the back of strong demand, mass residential prices have already risen 7% in the first five months of the year and are expected to increase from 5%-10% by the end of 2015, says leading global agent, Knight Frank.

Despite cooling measures, Hong Kong already leads the Quarter1 2015 Global House Price Index rankings (up 19% year-on-year), due to tight supply pushing up mainstream prices.

Read more at OPP Today