Property News · October 13, 2020

Where have all the buyers gone, as Hong Kong is poised for 12,000 new homes to flood the market in the next three months?


Hong Kong developers, looking for a strong finish to the year on the back of new project launches, could see their hopes dashed, as analysts fear the market may be unable to fully absorb the new supply amid the possibility of a fourth wave of coronavirus outbreak that could pummel the city’s economy further.Up to 11,578 new homes in 38 projects could be launched this quarter, according to developers’ websites and Lands Department reports of presale consent.The likelihood of selling all these…

Source : South China Morning Post
Read more…Where have all the buyers gone, as Hong Kong is poised for 12,000 new homes to flood the market in the next three months?

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