People lining up to buy units at SHKP’s Novo Land development on Sunday. Photo: Dickson Lee
People lining up to buy units at SHKP’s Novo Land development on Sunday. Photo: Dickson Lee

Young homebuyers snap up Sun Hung Kai Properties’ Novo Land flats as steep discounts offset higher mortgage rate

  • Buyers, most of them young and purchasing homes for the first time, bought 371 of 383 units on offer in the third phase on Sunday
  • First-time buyers continued to snap up flats at the popular project in Tuen Mun, shrugging off concerns about higher mortgage rates

People lining up to buy units at SHKP’s Novo Land development on Sunday. Photo: Dickson Lee
People lining up to buy units at SHKP’s Novo Land development on Sunday. Photo: Dickson Lee
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