Sino Land set a precedent by releasing homes at its Grand Central project in Kwun Tong at 14 per cent discount to prevailing market rates in December. Potential homebuyers were drawn to sales office of the Kwun Tong residential project on December 23, 2018. Photo: Jonathan Wong/SCMP

These two Hong Kong developers are set to release thousands of new homes this year to bolster profits

  • Sun Hung Kai Properties and New World Development say more than 3,600 homes will head to the market by year-end
Topic |   Hong Kong property

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Sino Land set a precedent by releasing homes at its Grand Central project in Kwun Tong at 14 per cent discount to prevailing market rates in December. Potential homebuyers were drawn to sales office of the Kwun Tong residential project on December 23, 2018. Photo: Jonathan Wong/SCMP
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