Property News · January 5, 2019

Sino Land’s first sale of year gets off to slow start as Hong Kong developer feels backlash after slashing agents’ fees


Hong Kong developer Sino Land’s first property sale of 2019 got off to a lacklustre start, after a dispute with sales agents over commission sapped their motivation amid a market downturn.
The developer had sold just 39 of 118 of its Grand Central flats on offer, priced between HK$9 million (US$1.1 million) and HK$25 million, as of 4.50pm on Saturday, according to an official statement.
“With the commission rate even lower than that of second-hand flat transactions, sales agents…

Source : South China Morning Post
Read more…Sino Land’s first sale of year gets off to slow start as Hong Kong developer feels backlash after slashing agents’ fees