Property News · August 4, 2018

Sun Hung Kai wraps up biggest weekend launch with a sell-out in Yuen Long as vacancy tax bites


Hong Kong’s biggest sale of residential real estate after housing policies were unveiled on June 29 got off to a good start this weekend in Yuen Long, as a vacancy tax pried loose a trove of apartment units to ease the city’s pent-up demand for homes.
More than 7,300 buyers submitted bids for 328 units of Sun Hung Kai Properties’ Park Yoho Milano project, or an average of 21 bids for every available unit, agents said.
The developer pulled in a combined HK$2.8 billion (US$357…

Source : South China Morning Post
Read more…Sun Hung Kai wraps up biggest weekend launch with a sell-out in Yuen Long as vacancy tax bites