Homebuyers in Hong Kong rushed to buy flats on Friday and Saturday in the city’s first two sales after the US raised interest rates, indicating no dip in the buoyant and expensive local property market.
As of 5pm on Saturday, all 119 units on offer, priced between HK$47.12 million (US$6 million) and HK$108.67 million after discounts, were sold out in Henderson Land Development’s Cetus.Square Mile project in Mong Kok.
The smallest flat measured 194 sq ft while the largest was 417 sq…
Source : South China Morning Post
Read more…Hong Kong homebuyers snap up flats in city’s first two sales after US interest rate increase
