Thousands of home buyers formed long queues at the sales offices of some of Hong Kong’s biggest developers to snap up new apartment units that had just been put on the market, ignoring the 10-basis point increase in mortgage rates announced by four of the city’s top lenders.
As many as 4,800 buyers registered to bid for 307 apartment units at K & K Property’s Victoria Skye project at the former airport site of Kai Tak. One buyer, who wasn’t identified, walked away…
Source : South China Morning Post
Read more…Buyers shrug aside rising mortgages as thousands throng sales offices to snap up homes















