Property News · September 4, 2017

Smaller developers react to slowing market by selling entire buildings


Small to mid-sized property developers appear to have shifted their focus for profit in recent months by selling entire residential blocks to investors as home prices recorded their slowest gain in 16 months, increasing fears of a drop in demand, says industry watchers.
Yuexiu Property is the latest developer to sell an new residential building – in Ho Man Tin, a mostly residential area in Kowloon – for HK$820 million (US$104 million) in its case to Grand Ming Group Holdings,…

Source : South China Morning Post
Read more…Smaller developers react to slowing market by selling entire buildings