New property projects launched on Friday failed to take off, as a relaxation of mortgage restrictions diverts homebuyers to Hong Kong’s secondary property market.In a dismal showing, by 6.45pm CK Asset Holdings had sold 65 out of 149 units on offer at its Seaside Sonata development in the protest-hit district of Sham Shui Po. Mainland Chinese developers Longfor Group and KWG Group had sold only eight out of 108 units at their Upper Riverbank development, while Great Eagle Holdings had sold 13…
Source : South China Morning Post
Read more…New Hong Kong property projects fail to dazzle as buyers turn to secondary market amid downbeat sentiment















