Buyers line up for sales of Wheelock Properties’ Miami Quay, at Tower 2.  Photo: SCMP / Jonathan Wong
Buyers line up for sales of Wheelock Properties’ Miami Quay, at Tower 2. Photo: SCMP / Jonathan Wong

Dismal sales by Miami Quay shows Hong Kong’s home market is in a ‘depression’, expert says

  • Only about 30 per cent, or 41 of the 137 flats on sale at Miami Quay in Kai Tak have been sold
  • Besides a resurgence in Covid-19 infections, Hong Kong’s homeowners and potential buyers are also bracing for higher mortgage rates

Buyers line up for sales of Wheelock Properties’ Miami Quay, at Tower 2.  Photo: SCMP / Jonathan Wong
Buyers line up for sales of Wheelock Properties’ Miami Quay, at Tower 2. Photo: SCMP / Jonathan Wong
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