China Evergrande, the world’s most indebted developer, failed to offload leftover units at its The Emerald Bay Phase 2 project in Hong Kong on Friday.It had sold just seven out of 262 units as of 7pm local time, which agents attributed to an oversupply of new flats in the district. Several projects, such as New World Development and MTR Corporation’s The Pavilia Farm in Tai Wai, have diverted buyers’ attention.“The purchasing power [for such flats] has dried up,” Patrick Yu, district sales…
Source : South China Morning Post
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