Property News · July 8, 2017

Demand cools for Ocean Pride apartments, even as Cheung Kong sells 95 per cent of available units


Cheung Kong Property Holdings, one of Hong Kong’s largest real estate developers, has received 50 per cent fewer registrations for the latest phase of its Ocean Pride apartments in Tsuen Wan, in another sign that buyers are staying by the sidelines while the world’s hottest residential market appears to be losing heat.
Up to 6,500 people registered their interest to buy 412 units in the complex, ranging from 497 square feet to 1,163 sq ft, or an average of 16 buyers for every…

Source : South China Morning Post
Read more…Demand cools for Ocean Pride apartments, even as Cheung Kong sells 95 per cent of available units