Citic has become the latest Hong Kong developer forced into selling new flats at huge discounts to attract buyers amid a property market battered by months of civil unrest.The latest official figures released on Tuesday show that home sales have halved since the start of protests that have rocked the city.Citic launched its residential project in Ma On Shan at up to 20 per cent below the price of similar properties in the same area. On Tuesday, the builder released the first 50 units at The…
Source : South China Morning Post
Read more…Citic launches new project in Ma On Shan at 20 per cent below rivals as home sales halve since protests began
