THE Hong Kong Parkview Group has no intention of following the lead of other developers by offering cut-rate prices for its luxury units.
Neither is it interested in any other incentives to lure buyers to purchase the firm's flats at Tai Tam Reservoir Road, according to the company's chairman, George Wong Kin-wah.
'The units are always available to buy,' Mr Wong said after the company's annual general meeting held at the group's flagship property, the Hong Kong Parkview, on the south side of Hong Kong Island.
'But we are not putting any of the units on to the market because we don't think the price is right.' He said the company was satisfied with the rental income generated by the units.
'We are attracting a very good rental income, so why would we sell cheap?' he asked.
'Parkview is good for the long term. It is good for when the market picks up.