Property News · April 18, 2020

Evergrande’s Emerald Bay project flops for the second time in two months as buyers stay away amid Hong Kong’s economic slump


China Evergrande suffered its second sales flop in two months as Hong Kong’s homebuyers gave their collective cold shoulder to its Emerald Bay flats in Tuen Mun, even after a 14-per cent average discount.The Chinese developer managed to find buyers for 16 flats, or a mere 6 per cent of the 269 units on offer at 4pm, according to sales agents. A month earlier, Evergrande sold a third of the first batch of Emerald Bay flats during the peak of the city’s coronavirus outbreak.Since then, Hong Kong…

Source : South China Morning Post
Read more…Evergrande’s Emerald Bay project flops for the second time in two months as buyers stay away amid Hong Kong’s economic slump