Sun Hung Kai, Hong Kong’s biggest property developer, has cut the prices of homes at one of its projects by as much as 10 per cent, the second time in less than a month it has taken such action in the latest sign that the property market may be cooling down.
The company is offering 119 units at its Cullinan West II development atop Nam Cheong MTR station in Kowloon at an average price of HK$23,893 (US$3,044) per square foot after discounts, about 10 per cent lower than the prices of a…
Source : South China Morning Post
Read more…Sun Hung Kai cuts new flat prices again as Hong Kong developers face headwinds















