Property News · March 7, 2020

Buyers spurn Hong Kong’s first home sale in two months, as Covid-19 outbreak adds weight to a slumping property market


Hong Kong’s homebuyers spurned the city’s first property sale in two months, as larger-than-usual discounts failed to attract them to big-ticket financial commitments amid a slumping economy wrecked by a coronavirus outbreak.China Evergrande sold 49 of the 141 flats on offer at the second phase of its Emerald Bay project in Tuen Mun as at 5pm, even after increasing the discounts on each unit by HK$20,000 per square foot to an average of 14 per cent, from the previous 11 per cent, according to…

Source : South China Morning Post
Read more…Buyers spurn Hong Kong’s first home sale in two months, as Covid-19 outbreak adds weight to a slumping property market

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