Source:
https://scmp.com/property/hong-kong-china/article/1302072/patience-might-pay-price-cut
Property/ Hong Kong & China

Patience might pay off with price cut

Developer discounting 238 flats in Yuen Long could be sign of good things to come for buyers

New World's weekend Park Signature sale. Photo: SCMP

New World Development took the plunge at the weekend and discounted prices at its Park Signature project in Yuen Long - attracting the strongest buying response since the Residential Properties (First-hand Sales) Ordinance took effect on April 29.

With more than 6,000 new homes estimated by analysts to be available for sale in Yuen Long in the next 12 months, was New World aiming to get in early in anticipation of further price falls? And if so, can buyers expect even better deals if they watch and wait?