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















