Hong Kong developers test market with 222 units released amid interest rate uncertainty
So far this year, 5,500 new residential units have been sold in Hong Kong, a 25 per cent increase compared to the same period last year
K&K Property launched 122 one-bedroom units at foto+, a single residential tower in Mong Kok close to Olympic station, while Wang On Properties put 100 units up for sale at the Connext project in Wong Tai Sin.
By 7pm Friday, 103 of the foto+ units had found buyers. Sales at Connext, meanwhile, kicked off at 6pm and by 9.30pm 32 units had been sold, agents said.
“This month’s primary market transactions have so far exceeded 1,670, and the total for the month is expected to surpass 2,800, a 17-month high,” said Louis Chan Wing-kit, Centaline vice-chairman and president.
So far this year, 5,500 new units have been sold, a 25 per cent increase compared to the same period last year, Chan said.
Buyers were equally split between end users and long-term investors, he added.
