Hong Kong developer Sino Land said it had received more than 5,000 subscriptions for the upcoming sale of 488 flats at its Grand Central residential development in East Kowloon that would be sold at a discount amid the property price slump.
The initial batch of units of the property in the Kwun Tong district will be sold at a starting price of HK$15,532 (US$1,987) per square foot, or HK$7.3 million for a 452 sq ft flat.
“It is very likely that buyers will snap up all the flats on the…
Source : South China Morning Post
Read more…With a discount, Sino Land’s new residential property draws keen response amid Hong Kong’s price slump















