Property News · March 25, 2018

Tseung Kwan O flat sale shows sector still going strong, even as mortgage rates are on the rise


Buyers snapped up flats released at a development in Tseung Kwan O on Saturday, showing that ­property demand has yet to dampen despite the monetary ­authority raising interest rates by 25 basis points last week.
Wheelock & Co said it would release another 180 units at the Malibu development at an average discounted price of HK$17,374 (US$2,215) per square foot on Sunday, or 17 per cent higher than the average transaction price in the first batch being two weeks ago.
The price…

Source : South China Morning Post
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