Property News · November 5, 2018

Just 40 per cent of new flats at Reach Summit project in Yuen Long sell as Hong Kong market loses steam


The latest sign that Hong Kong’s property market has taken a turn for the worse came on Monday when well under half of the new flats on offer at a mass housing project in Yuen Long managed to find buyers.
Henderson Land Development and New World Development had sold just 60 out of the 152 small units up for grabs at Reach Summit by 8pm, a hugely disappointing figure in a city used to seeing new batches of apartments snapped up on the first day.
The flats at Reach Summit ranged in size…

Source : South China Morning Post
Read more…Just 40 per cent of new flats at Reach Summit project in Yuen Long sell as Hong Kong market loses steam