Property News · June 21, 2019

Hong Kong developers slash home prices by up to 20 per cent to kick some tempo back into the downbeat property market


Hong Kong developers, taking advantage of the calm that has returned to the city, on Thursday launched projects at prices that undercut rivals by up to 20 per cent, hoping to attract buyers who have adopted a cautious approach.Wing Tai Properties said it would sell flats at OMA OMA in Tuen Mun at an average price of HK$12,463 per square foot, some 20 per cent lower than Sun Hung Kai Properties’ Mount Regency phase two, which is also in the same area. The city’s largest developer is putting 130…

Source : South China Morning Post
Read more…Hong Kong developers slash home prices by up to 20 per cent to kick some tempo back into the downbeat property market

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