Property News · September 25, 2018

Families in Hong Kong confidently defy red flags about a housing downturn at the biggest flat sales in more than five years


Hong Kong families bought at least 412 flats on the holiday Tuesday in the city’s biggest home sale in more than five years, confidently defying the latest red flags about a coming downturn in the property market.
Two developers offered a total of 857 flats. At the larger sale of the day, Nan Fung Development had by 5:30pm sold about 55 per cent of 707 flats available at its LP6 development in Tseung Kwan O. For those 387 flats, the developer pulled in about HK$3.72 billion (US$480…

Source : South China Morning Post
Read more…Families in Hong Kong confidently defy red flags about a housing downturn at the biggest flat sales in more than five years

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