Property News · May 22, 2018

Hong Kong developers raise prices of flats by up to 70 per cent as record Kai Tak land sale boosts confidence


Hong Kong developers are raising the prices of their unsold units by as much as 70 per cent in a sign that the world’s hottest property market is a long way from running out of steam.
Kerry Properties has priced a flat at The Bloomsway in Tuen Mun at HK$16.14 million (US$2 million), or HK$18,724 per square foot, up 68 per cent from two years ago, while a 964-square foot unit at K. Wah International’s K. City, in Kai Tak, has increased 13 per cent from when it first went on the…

Source : South China Morning Post
Read more…Hong Kong developers raise prices of flats by up to 70 per cent as record Kai Tak land sale boosts confidence