Hong Kong’s subsidised housing market is setting fresh records, with a government-built flat being sold for more than HK$10 million (US$1.27 million), despite new measures aimed at taming runaway property prices.
At the same time, market watchers are looking for signs of a tipping point after major developer Sun Hung Kai Properties (SHKP) put flats at one its latest projects on sale at the cheapest prices so far this year.
A three-bedroom, 592 sq ft flat at Charming Garden estate, a Home…
Source : South China Morning Post
Read more…Record-breaking sale of HK million subsidised flat prompts calls for further public housing restrictions in Hong Kong
