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Hong Kong’s September home sales head for a record as buyers snap up most of 588 flats offered at three projects
- As many as 541 of the 588 apartments on offer at three projects found buyers as at 9:30pm, according to sales agents
- As many as 9,800 buyers registered their interest to bid for the 588 flats on offer this weekend, translating to 16 bidders vying for every available unit
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Hong Kong’s homebuyers returned to the city’s largest weekend property sales in almost a year, snapping up almost 92 per cent of the flats on offer, as sentiments were lifted by an improving economy and easy financing amid low interest rates.
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As many as 541 of the 588 apartments on offer at three projects found buyers as at 9:30pm, according to sales agents. At the former Kai Tak airport in Kowloon, Henderson Land Development sold 68 of 100 flats released in the first batch of The Henley III project. At Wong Chuk Hang at the southern edge of Hong Kong Island, Kerry Properties sold all 188 flats at La Marina, jointly developed with Sino Land and MTR Corporation.
Sun Hung Kai Properties pulled off a hat trick with its Wetland Seasons Bay project in Tin Shui Wai in the north-western corner of the New Territories near Shenzhen, selling all 285 units in open sale in its third round, with another 15 units earmarked for sale via tender. The project had sold out during the two previous consecutive weekends.
“The sales activity was lively and booming this weekend, as Hong Kong’s economy is faring well, which improved the optimism in the property market,” said Sammy Po Siu-ming, chief executive of Midland Realty’s residential department. “With a low-interest rate environment, the purchasing power is very strong.”
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As many as 9,800 people registered their interest to bid for the 588 flats on offer this weekend, translating to 16 bidders vying for every available unit.
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