The Villa Garda I project in Lohas Park. Its launch came as the one-month Hibor, to which mortgage plans are frequently linked, rose to 0.71 per cent on Wednesday. It has risen for 12 consecutive trading days and hit its highest level in more than two years on Wednesday. Photo: Sun Yeung
The Villa Garda I project in Lohas Park. Its launch came as the one-month Hibor, to which mortgage plans are frequently linked, rose to 0.71 per cent on Wednesday. It has risen for 12 consecutive trading days and hit its highest level in more than two years on Wednesday. Photo: Sun Yeung

Hongkongers spoilt for choice in Lohas Park, as developers offer lower prices for new projects to counter interest rate rises

  • If developers are willing to adjust, they can absorb demand amid rigid secondary market prices, Centaline executive says
  • First batch at Villa Garda I has been priced 14 per cent below the initial launch price of the Manor Hill project, which was launched in October last year

The Villa Garda I project in Lohas Park. Its launch came as the one-month Hibor, to which mortgage plans are frequently linked, rose to 0.71 per cent on Wednesday. It has risen for 12 consecutive trading days and hit its highest level in more than two years on Wednesday. Photo: Sun Yeung
The Villa Garda I project in Lohas Park. Its launch came as the one-month Hibor, to which mortgage plans are frequently linked, rose to 0.71 per cent on Wednesday. It has risen for 12 consecutive trading days and hit its highest level in more than two years on Wednesday. Photo: Sun Yeung
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