Property News · March 12, 2017

Hong Kong home buyers thumb their noses at increased prices


Hong Kong’s home buyers are thumbing their noses at developers who’re raising the prices of new apartments, snubbing two project launches over the weekend and leaving with worse-than-expected sales results.
On Saturday, the second phase of the Alto Residences in Tseung Kwan O – launched with a 57 per cent price increase after the first phase – put customers off so much that the developer managed to sell only four of 42 units on offer. A day later, K Wah International…

Source : South China Morning Post
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