Record prices have been set at a luxury flat development in Hong Kong’s Island East district recently, thanks to strong demand, but there is unlikely to be a knock-on effect on other property in the area, where the housing stock is much older, analysts said.
Developer Sun Hung Kai sold four units at its Victoria Harbour development in North Point on Friday, with one, the 1,585 sq ft Flat 11A in Block 1, selling for HK$102.8 million (US$13.2 million), or HK$64,887 per square foot, a new…
Source : South China Morning Post
Read more…Record prices for luxury flats in Hong Kong’s North Point unlikely to boost whole area















