A view of the 10 LaSalle development from Kerry Properties on May 13. The project saw brisk frist-weekend sales of new units after the biggest base rate rise from the Hong Kong Monetary Authority in 22 years. Photo: SCMP / Edmond So
A view of the 10 LaSalle development from Kerry Properties on May 13. The project saw brisk frist-weekend sales of new units after the biggest base rate rise from the Hong Kong Monetary Authority in 22 years. Photo: SCMP / Edmond So
Hong Kong property
Business

Investors rush to buy in first-weekend property sales despite biggest base rate rise in 22 years

  • Kerry Properties sold 57 of its 60 one-bedroom units on offer at the residential project at 10 LaSalle development in Ho Man Tin by Saturday afternoon
  • The Hong Kong Monetary Authority followed the US Fed with a base rate rise, but mortgage rates remain at about 2 per cent

Enoch Yiu
Enoch Yiu

Updated: 7:00pm, 14 May, 2022

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A view of the 10 LaSalle development from Kerry Properties on May 13. The project saw brisk frist-weekend sales of new units after the biggest base rate rise from the Hong Kong Monetary Authority in 22 years. Photo: SCMP / Edmond So
A view of the 10 LaSalle development from Kerry Properties on May 13. The project saw brisk frist-weekend sales of new units after the biggest base rate rise from the Hong Kong Monetary Authority in 22 years. Photo: SCMP / Edmond So
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