Property News · March 25, 2017

Hong Kong agents feed illusion of demand to bolster property sales


Last weekend, three apartment projects opened for sale across Hong Kong, with a total of 1,000 units on offer.
The sale, the first since the Hong Kong Monetary Authority raised the key lending rate, garnered huge interest, with up to 23 buyers on average expressing interest for every unit available.
As a result of the enthusiastic interest received, Sun Hung Kai Properties’ Cullinan West apartments at Nam Cheong MTR Station and Wheelock Properties’ Monterey project at Tseung Kwan O…

Source : South China Morning Post
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