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
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

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
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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