Property News · November 17, 2018

Hong Kong reports the worst sales weekend in years as private launches fail to keep up with government’s discounted housing


Hong Kong’s residential property market reported its worst sales weekend in years, as the wind was taken out of the sails of two private project launches by a government offer of discounted housing for first-home buyers.
The Reach Summit project in Yuen Long, jointly built by Henderson Land Development and New World Development, sold six flats as of 6:30pm, a mere 6 per cent of the 102 units on offer, sales agents said. In Tsuen Wan, MCC Real Estate Group sold five of the 50 units at its…

Source : South China Morning Post
Read more…Hong Kong reports the worst sales weekend in years as private launches fail to keep up with government’s discounted housing

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