Almost a third of 5,500 new flats in Hong Kong were sold through tender in the first quarter of this year, according to data from the Sales of First-hand Residential Properties Authority. Photo: AFP

Hong Kong developers should offer cheap new flats on open market instead of going through opaque tender process, industry guild warns

  • The Real Estate Developers Association said a recent spike in sales through tender amid bleak market conditions is ‘not what we want to see’
  • Regulations requiring developers to release a price list before units go on the market do not apply to the tender process
Topic |   Hong Kong property

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Almost a third of 5,500 new flats in Hong Kong were sold through tender in the first quarter of this year, according to data from the Sales of First-hand Residential Properties Authority. Photo: AFP
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Property prices are listed at a real estate agency in Happy Valley. Photo: Jonathan Wong

Hong Kong’s February home prices rise for a second month, showing end of market correction

  • Prices have risen 1.6 per cent in the first two months of 2019
  • Homebuyers want to enter the market before prices rise further, says Derek Chan of Ricacorp Properties
Topic |   Hong Kong property

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Property prices are listed at a real estate agency in Happy Valley. Photo: Jonathan Wong
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