The Urban Renewal Authority’s (URA) record-high acquisition price for units in ageing residential buildings in Ma Tau Wai, Kowloon, has led to a slight increase in home prices in the area. Market observers, however, said that any rise would be limited as the boost will be tempered after the gains in June following the opening of a new MTR line.The URA last week offered 154 flat owners of a Civil Servants’ Cooperative Building Society Scheme (CBS) development project in Shing Tak Street, Ma Tau…
Source : South China Morning Post
Read more…Home prices in Kowloon rise after Urban Renewal Authority’s record compensation offer for old residential buildings
