Potential buyers queue up for Billion Development and Project Management’s flats at Centra Horizon in Pak Shek Kok, Tai Po, on April 27, 2019. Photo: Jonathan Wong

Few takers for flats priced above HK$10 million at Centra Horizon in Tai Po as buyers’ confidence takes a hit

  • Billion Development and Project Management only managed to sell 160 out of 307 flats on offer at its housing project in Pak Shek Kok on Monday
Topic |   Hong Kong property

TOP PICKS

Potential buyers queue up for Billion Development and Project Management’s flats at Centra Horizon in Pak Shek Kok, Tai Po, on April 27, 2019. Photo: Jonathan Wong
READ FULL ARTICLE
Wheelock Properties sold every one of its 500 Montara flats in Lohas Park on 4 May 2019, with 36 buyers competing for every available unit. The developer’s haul for the day was HK$4 billion, setting a record for a one-day turnover. Photo: Edmond So

Hong Kong’s property market has 10 more years in its bull run as population inflow from Greater Bay gives it sustenance

  • Hong Kong’s median home prices will keep spiralling upwards for the next 10 years because demand for abodes will outpace supply in the city, UBS said
  • The world’s most expensive urban centre will face an annual shortage of about 15,000 homes, UBS said
Topic |   Hong Kong property

TOP PICKS

Wheelock Properties sold every one of its 500 Montara flats in Lohas Park on 4 May 2019, with 36 buyers competing for every available unit. The developer’s haul for the day was HK$4 billion, setting a record for a one-day turnover. Photo: Edmond So
READ FULL ARTICLE