Property News · January 3, 2018

Builders seek premium for new launches as they cash in on record property prices in Hong Kong


With Hong Kong property prices showing no signs of slowing down, developers are taking advantage of the uptrend and pricing new projects at a premium.
Sun Hung Kai Properties (SHKP) on Wednesday was first off the blocks this year with a new project in Ma On Shan, pricing it nearly 17 per cent higher than secondary market transactions in the area, while Kerry Properties raised prices for its luxury scheme in Ho Man Tin by 2 per cent.
SHKP said the St Barths development, comprising 353 units…

Source : South China Morning Post
Read more…Builders seek premium for new launches as they cash in on record property prices in Hong Kong