Property News · June 2, 2020

Hong Kong’s young homebuyers set sight on subsidised starter homes in Kowloon East, spurn ‘horrible’ micro flats


Angela Leung’s dream of owning her first home is coming closer. By her estimate, that will be some time in 2024, when CK Asset Holdings delivers the keys to so-called “starter homes” for young professionals.Her focus is on a former quarry site in Kwun Tong in Kowloon East, which Li Ka-shing’s CK Asset won at an auction last month for HK$4.95 billion (US$638.6 million). It will be the second such government scheme, since 46 households competed for each unit at the inaugural project in Hung Hom,…

Source : South China Morning Post
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