Hong Kong’s homebuyers defied a No 3 typhoon signal to snap up apartments during two property sales on Friday, entering the market after commercial banks lowered their prime lending rates a day earlier following the first rate cut by the local monetary authority. New World sold 115 of the 120 units in the House Muse…
Hong Kong’s home sales are likely to hit a four-year high this year as buyers show an increasing willingness to commit to both new and existing residential units, according to agents. Residential transactions in the city are expected to rise 13 per cent to 64,000 this year, helped by lower prices as well as policy…
A consortium of builders led by New World Development (NWD) priced a new residential project on the south side of Hong Kong Island below all neighbouring developments, as the embattled company seeks to whittle down HK$124 billion (US$15.8 billion) in debt. The developers priced 101 flats in the 447-unit Deep Water Pavilia project in Wong…