Potential home buyers line up at a sales office in International Commerce Centre (ICC) in July 2020 to buy 108 units at the Regency Bay development by Sun Hung Kai Properties in Tuen Mun. Photo: Xiaomei Chen
Will Hong Kong developers pass savings from low land prices on to homebuyers? Don’t hold your breath, insiders advise
- History shows that bargain land prices do not necessarily translate to cheaper homes
- If anything, the opposite is true, as current and expected home prices act as an important indicator for developers when they are bidding on land
Potential home buyers line up at a sales office in International Commerce Centre (ICC) in July 2020 to buy 108 units at the Regency Bay development by Sun Hung Kai Properties in Tuen Mun. Photo: Xiaomei Chen
