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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