A drone’s view of Reach Summit under construction in Yuen Long, as of 16 November 2018. SCMP / Winson Wong

Hong Kong reports the worst sales weekend in years as private launches fail to keep up with government’s discounted housing

  • Hong Kong’s government announced a scheme on Friday that would offer flats in Cheung Sha Wan at 42 per cent of market prices starting next month
  • That has put the private launches in Yuen Long and Tsuen Wan at a distinct price disadvantage, as they are all aimed at the same target group of first-home buyers
Topic |   Hong Kong property

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A drone’s view of Reach Summit under construction in Yuen Long, as of 16 November 2018. SCMP / Winson Wong
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