Property News · March 26, 2019

Hong Kong developer Chinachem’s Sol City project met with weak demand despite discounted prices


Home sales at Hong Kong property developer Chinachem Group’s Sol City development in Yuen Long got off to a slow start on Tuesday, and only a fifth of the 148 units on offer were sold. The lacklustre sales, which started at 6pm, added to evidence that a correction in Hong Kong’s property market is far from over.Twenty-nine apartments were sold, with most buyers seeking one-bedroom units, said Sammy Po Siu-ming, the chief executive of Midland Realty’s residential division, the project’s sales…

Source : South China Morning Post
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