Ap Lei Chau Inland Lot No. 136 at Lee Nam Road sold on February 24 for HK$16.86 billion, a record for the area and 50 per cent above market valuation. The market’s reaction after the sale was immediate, with owners and developers in the area raising their prices. Photo: Edward Wong

Chinese funds to move into Hong Kong’s mass housing, push prices to new highs, analysts say

Friday’s sale by tender at Ap Lei Chau was a record for the southern district, exceeding market valuation by 50 per cent. The reaction in the market was swift and apparent, with owners and developers raising prices immediately

Topic |   Hong Kong housing

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Ap Lei Chau Inland Lot No. 136 at Lee Nam Road sold on February 24 for HK$16.86 billion, a record for the area and 50 per cent above market valuation. The market’s reaction after the sale was immediate, with owners and developers in the area raising their prices. Photo: Edward Wong
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