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
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
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
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