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















