Property News · October 6, 2018

Flat sale results in Hong Kong offer proof that world’s priciest housing market is cooling off


Home buyers in Hong Kong bought just over half of the flats offered by a major Chinese developer at a new site in the city on Saturday despite incentives, in another sign the world’s most expensive property market is cooling off.
Sales agents described the outcome –184 of 310 flats sold – as much worse than expected, despite discounted mortgage rates and cash rebates meant to entice at the the launch of Le Pont, a six-tower residential project located in Tuen Mun in the…

Source : South China Morning Post
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