Tuen Mun

Two auctions in Tuen Mun last month went poorly. Photo: Robert Ng

Stronger interest expected in luxury residential sites in Tai Po, Sai Kung

Last month, two residential sites in Tuen Mun were sold at 8 per cent and 24 per cent below market expectations. The scrapping of an auction for an MTR Corporation site at Tin Shui Wai also reflected pessimism among developers about the outlook for the mass residential market in the New Territories.