Property News · April 25, 2020

Hong Kong home buyers shun developers’ sales overtures as economic slump deters families from capital commitments


Hong Kong’s weekend home sales flopped for the fourth time in six weeks, in another sign that the residential property industry’s worst slump in a decade has some ways to go before recovering.CK Asset Holdings sold 11 of the 170 Seaside Sonata flats on offer in Sham Shui Po at 7pm, as buyers shrugged aside the 29 per cent average discount offered by one of Hong Kong’s biggest developers. Sun Hung Kai Properties (SHKP), the city’s biggest builder by market value, sold 12 of 20 Mount Regency II…

Source : South China Morning Post
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