New World Development (NWD) raised prices for a new batch of units in a sought-after residential project on Hong Kong Island, as prospective buyers outnumber the project’s supply of flats by more than 28 times. The developer said the response to the 388-unit State Pavilia project on King’s Road in North Point has been “enthusiastic”,…
The outlook for Hong Kong’s residential market is divided among analysts, with one consultancy forecasting prices to fall amid oversupply concerns, while two others expect prices to rise because of falling interest rates and improved stock market performance. Property consultancy JLL expects home prices to fall by up to 5 per cent, even as rivals…
Hong Kong saw the most number of new flats sold on a single day since May on Saturday, with agents predicting sales of 200 units on improving sentiment following a half-point interest rate cut by the Hong Kong Monetary Authority (HKMA). Sun Hung Kai Properties (SHKP) sold 112 units, or 93 per cent, of the…