The exterior of Chill Residence in Yau Tong by Poly Property and L’Avenue on December 4, 2022. Photo: SCMP / Xiaomei Chen
The exterior of Chill Residence in Yau Tong by Poly Property and L’Avenue on December 4, 2022. Photo: SCMP / Xiaomei Chen

Hongkongers snub new home sales in Yau Tong, another sign of weakening sentiment in the real estate market

  • The Chill Residence development from Poly Property and L’Avenue International sold just 10 of 128 flats by Sunday afternoon
  • Home prices are at a five-year low amid a dour economic outlook, as some homebuyers await further interest rate hikes and a loosening of Covid policies

The exterior of Chill Residence in Yau Tong by Poly Property and L’Avenue on December 4, 2022. Photo: SCMP / Xiaomei Chen
The exterior of Chill Residence in Yau Tong by Poly Property and L’Avenue on December 4, 2022. Photo: SCMP / Xiaomei Chen
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