Property News · May 31, 2025

Tepid sales at Uni Residence as competition heats up in new home market


Competition is intensifying in Hong Kong’s new residential property market as improved sentiment and declining mortgage rates have prompted developers to offer attractive prices to entice buyers.
Homebuyers snapped up just 58 of the 100 flats on offer on the first day of sales at Uni Residence in Tai Wai, agents said. Five out of 10 flats offered by tender were also sold, generating about HK$38 million (US$4.8 million).
In contrast, Henderson Land’s The Henley in Kai Tak sold 78 of 80 units on…

Source : South China Morning Post
Read more…Tepid sales at Uni Residence as competition heats up in new home market

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