China Evergrande offered 141 flats at its Emerald Bay project in Tuen Mun at 14 per cent discounts on 7 March 2020, the first property launch in two months since the outbreak of coronavirus in Hong Kong. Photo: Xiaomei Chen China Evergrande offered 141 flats at its Emerald Bay project in Tuen Mun at 14 per cent discounts on 7 March 2020, the first property launch in two months since the outbreak of coronavirus in Hong Kong. Photo: Xiaomei Chen
China Evergrande offered 141 flats at its Emerald Bay project in Tuen Mun at 14 per cent discounts on 7 March 2020, the first property launch in two months since the outbreak of coronavirus in Hong Kong. Photo: Xiaomei Chen

Weekend Property

Buyers spurn Hong Kong’s first home sale in two months, as Covid-19 outbreak adds weight to a slumping property market

  • China Evergrande sold 49 of the 141 flats on offer at Emerald Bay in Tuen Mun as at 5pm, even after the developer increased its average discount to 14 per cent
  • With Evergrande’s latest discounts, a 461-square foot flat originally listed at HK$9.41 million could be bought for HK$8.07 million

Topic |   Weekend Property
China Evergrande offered 141 flats at its Emerald Bay project in Tuen Mun at 14 per cent discounts on 7 March 2020, the first property launch in two months since the outbreak of coronavirus in Hong Kong. Photo: Xiaomei Chen China Evergrande offered 141 flats at its Emerald Bay project in Tuen Mun at 14 per cent discounts on 7 March 2020, the first property launch in two months since the outbreak of coronavirus in Hong Kong. Photo: Xiaomei Chen
China Evergrande offered 141 flats at its Emerald Bay project in Tuen Mun at 14 per cent discounts on 7 March 2020, the first property launch in two months since the outbreak of coronavirus in Hong Kong. Photo: Xiaomei Chen
READ FULL ARTICLE