Hong Kong homebuyers on Saturday flocked to a second round of sales at Sun Hung Kai Properties’ Cullinan Sky Phase 1, a residential project in Kai Tak, as interest rate cuts and improved stock market performances boost sentiment in the real estate sector. As of 4pm, Sun Hung Kai, Hong Kong’s largest developer by market…
Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by market capitalisation, on Saturday saw homebuyers flock to its latest residential project in Kai Tak, the city’s former airport, on the back of the recent interest-rate cut and stock market rally. As of 7pm, the developer had sold 204 flats out of the 300 units…
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…