Property News · January 4, 2019

Hong Kong’s first residential project sale of the year released with steep price discounts


Mainland developer China Overseas Land and Investment unveiled aggressive discounts at its new residential flats released in Tai Po on Thursday, in an effort to fend off competition amid rising supply and concerns of a spreading malaise in the city’s housing market.
In the first property sale of the new year, the developer priced the first 324 units at The Regent starting from HK$10,688 (US$1,364) per square foot after discounts.
The average unit price was HK$12,800 per square foot, about…

Source : South China Morning Post
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