Property News · May 27, 2020

Vanke sells all flats at Hong Kong development, defies worsening Goldman Sachs forecast for property sector


Vanke Holding (Hong Kong) sold all the flats on sale at its The Campton development in Hong Kong’s Cheung Sha Wan area on Wednesday. The outcome defied a forecast by investment bank Goldman Sachs, which revised down its estimates for local housing prices, office and retail rents by 5 to 15 percentage points this week.One buyer even splashed out HK$30 million (US$3.87 million) for four flats, according to Centaline Property Agency.With 8,700 registrations of intent received, more than 46 buyers…

Source : South China Morning Post
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