Advertisement

Developers face sales slowdown

Reading Time:1 minute
Why you can trust SCMP
0

Developers planning to sell off their projects in the next two months face a challenge as concerns grow over rising interest rates.

Property agents said developers would have to provide aggressive and competitive mortgage payment plans to lure cautious home seekers.

The market will see the relaunch of several upmarket residential projects during the next two months.

These include Sun Hung Kai Properties' The Arch at Kowloon Station and Cheung Kong (Holdings') The Legend in Tin Hau.

Pacific Century Premium Developments executive director Wendy Gan Kim-see said a small portion of the 29 houses in Residence Bel-Air was scheduled for launch in the second half of the year.

Kerry Properties will launch a luxury development in Ho Man Tin.

Advertisement