Property News · February 6, 2017

Demand for Hong Kong flats appears to defy cooling measures


Hong Kong’s residential property sector appears to be defying the government’s best efforts to cool the market, as home prices continue to hit new highs.
China Overseas Land & Investment said a 1,606 square-foot unit at Kai Tak, site of the city’s former airport, sold for HK$48.19 million, or HK$30,011 per square foot, through tender on Monday.
“It is a record price in our project and it reflects strong demand for such unit size,” said Tony Yau,
a director and…

Source : South China Morning Post
Read more…Demand for Hong Kong flats appears to defy cooling measures

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