The first housing project of the year was launched in Hong Kong. The apartments in the housing project will be sold on Thursday at HK $ 12,800 per square meter. Property developers can reduce the price in the coming months.

In Hong Kong, the first public housing project of 2019 was offered at discounted prices. There is a great demand for houses made to meet the housing needs of the region. “Now only a low price can grab attention,” said Thomas Lam, an executive director at Knight Frank. “Mainland developers tend to want cash as soon as possible. To achieve that, a larger discount seems to be the only way.”

“Definitely a lot of buyers will come to snap up the flats at such a price,” said Mark Fong, an agent at Centaline Property’s branch in Tai Po. “The development has more than 1,000 units. Under the current circumstances, the price has to be cheap to win over buyers.”

Fong said that the price was on a par with 20-year-old second-hand properties in the same area.

Hong Kong property developers aggressive price cuts to attract buyers.


Sevdenur Demir /

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