Property News · August 11, 2018

Sun Hung Kai’s discounts help buyers shrug off storm and rising rates for Yuen Long apartments


Hong Kong’s first property sale after the end of a decade of low mortgage rates got off to a good start, as hundreds of buyers braved a thunderstorm to snap up flats at the Park Yoho Milano complex in Yuen Long, attracted by 16 per cent discounts offered by Sun Hung Kai Properties.
More than 20 of the 131 units of Park Yoho were sold as of 1:30pm on Saturday, with prices averaging HK$15,549 per square foot (US$22,000 per square metre), 13 per cent higher than an earlier batch of…

Source : South China Morning Post
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