Close to 80 housing estates across Hong Kong are still priced below their peaks, even though the city’s overall lived-in home prices recently soared to a new record.Some of the developments have seen units changing hands for less than three quarters of their previous peaks reached two or three years ago.Of the 133 major housing estates tracked by Centaline Property Agency, 77 are yet to scale new heights in terms of average price this year. Residence Bel-Air in the Southern district was the…
Source : South China Morning Post
Read more…New launches prevent Hong Kong’s housing estates from breaking price records as property supply glut lingers
