Prospective property buyers at the Octa Tower in Kowloon Bay, queuing up to bid for 491 units of LP6 at Lohas Park in Tseung Kwan O on 13 October, 2018. Photo SCMP / Xiaomei Chen
Prospective property buyers at the Octa Tower in Kowloon Bay, queuing up to bid for 491 units of LP6 at Lohas Park in Tseung Kwan O on 13 October, 2018. Photo SCMP / Xiaomei Chen

Hong Kong’s home sales flop as market rout, higher mortgages deter residential property buyers

Prospective property buyers at the Octa Tower in Kowloon Bay, queuing up to bid for 491 units of LP6 at Lohas Park in Tseung Kwan O on 13 October, 2018. Photo SCMP / Xiaomei Chen
Prospective property buyers at the Octa Tower in Kowloon Bay, queuing up to bid for 491 units of LP6 at Lohas Park in Tseung Kwan O on 13 October, 2018. Photo SCMP / Xiaomei Chen
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