Property News · February 23, 2019

Hong Kong housing market fails to pick up in Year of the Pig, as low prices fail to woo buyers


The Hong Kong housing market has made a slow start to the Year of the Pig. On Friday, Hong Kong developer Sino Land sold only four out of an available 129 units at its Mayfair by the Sea 8 project in the New Territories.While three apartments were sold through tender, only one 685 sq ft unit was sold for HK$9.99 million (US$1.27 million), or HK$14,588 per square foot. The price, on a per square foot basis, was 22 per cent below the price for Sun Hung Kai Properties’ The St Martin development –…

Source : South China Morning Post
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