Market tumble hurts Le Prime sales
Property sales at the new project developed by Cheung Kong (Holdings) in Tseung Kwan O were more affected by the news from Dubai and the sharp fall in the stock market than the new property sales disclosure rules last night. The developer sold about 70 units at Le Prime, the second phase of the Le Prestige complex, by 9pm, with estate agents expecting a total of 100 by midnight. 'The developer would sell at least 200 units without the bad news in the financial market,' said one agent. Le Prime is the first project to go on sale since the new rules were introduced.