Home buyers piled in to snap up Kwai Hung Group’s Mangrove flats in Hung Hom at the developer’s sales office at the Kerry Hotel on 18 September 2021. Photo: Xiaomei Chen
Home buyers piled in to snap up Kwai Hung Group’s Mangrove flats in Hung Hom at the developer’s sales office at the Kerry Hotel on 18 September 2021. Photo: Xiaomei Chen

Hong Kong’s homebuyers defy banks’ jitters in snapping up flats built by little-known developer in fourth straight sell-out weekend

  • More than 8,000 people vied for 130 flats at Kwai Hung Group’s Mangrove project in Hung Hom, defying banks that pulled the plug on mortgage loans for the development
  • Kerry Properties sold 69 of 135 flats at La Marina in Wong Chuk Hang even after raising the average price by 18 per cent

Topic |   Weekend Property
Home buyers piled in to snap up Kwai Hung Group’s Mangrove flats in Hung Hom at the developer’s sales office at the Kerry Hotel on 18 September 2021. Photo: Xiaomei Chen
Home buyers piled in to snap up Kwai Hung Group’s Mangrove flats in Hung Hom at the developer’s sales office at the Kerry Hotel on 18 September 2021. Photo: Xiaomei Chen
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