Property News · January 20, 2019

Homebuyers spring into action after developers slash prices, cutting inventory as market outlook darkens


Wing Tai Properties, the Hong Kong unit of Singapore developer Wing Tai Holdings, sold more than 90 per cent of its flats on offer at Tuen Mun on Sunday, with some units priced as low as HK$9,488 per square foot (US$1,210), reflecting the weakest level seen in the neighbourhood since 2015.
As of early evening, Wing Tai sold 108 out of the 118 flats in the first batch made available at the Carmel apartment project on Castle Peak Road in Tuen Mun. Prices for the units ranged from HK$3.32 million…

Source : South China Morning Post
Read more…Homebuyers spring into action after developers slash prices, cutting inventory as market outlook darkens

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