New properties put up for sale over the weekend by developers looking to avoid levies under Hong Kong’s proposed vacancy tax received a mixed response from homebuyers.
Sun Hung Kai Properties (SHKP), which realised HK$5 billion (US$637.08 million) from the sale of 354 apartment units last week, reported a second batch of 117 units at its Cullinan West II development were sold out by 4pm on Sunday.
The Monti development in Sai Wan Ho, co-developed by Lai Sun Group and the Urban Renewal…
Source : South China Morning Post
Read more…SHKP sells 117 Cullinan West II units for HK.9 billion, but industry could be in for lacklustre sales
