Property News · September 30, 2017

13,000 buyers swamp Tseung Kwan O property project for just 400 flats, despite Hong Kong official warning about market


More than 13,000 prospective buyers swamped a Hong Kong property development in Tseung Kwan O on Saturday looking to snap up 400 newly released flats, despite a warning from the city’s Monetary Authority about “irrational” purchases.
Long queues were seen at the International Commerce Centre in West Kowloon, where the sales office for developer Sun Hung Kai Properties’ Wings at Sea project is located. The company kicked off sales for the first phase of the Lohas Park…

Source : South China Morning Post
Read more…13,000 buyers swamp Tseung Kwan O property project for just 400 flats, despite Hong Kong official warning about market