Property News · June 13, 2020

Hong Kong’s new flat sales rise, but demand to fall way short of the projected 30,000 units to be launched this year


The recent uptake of new property projects in Hong Kong is likely to be short-lived, with full-year sales expected to reach only half of the projected 30,000 homes seen coming on to the market amid an uncertain economic climate, market observers say.“The recent sell-out [of new homes] is because of the pent-up demand, and we will see that end very soon,” said Jeffrey Mak, property analyst at CGS-CIMB Securities. “With uncertainties that have never been seen before in the city, [sales of] 1,000…

Source : South China Morning Post
Read more…Hong Kong’s new flat sales rise, but demand to fall way short of the projected 30,000 units to be launched this year

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