Market Chatter: Hong Kong Flat Prices Increase After 22% Decline in September Sales

MT Newswires Live10-04

Developers in Hong Kong are raising the prices of their properties after a 22.1% decline in September residential building sales over the month, The Standard reported Friday.

There were 2,848 residential building deals in September with the prices hitting an eight-month low. Sun Hung Kai Properties (HKG:0016), CK Asset (HKG:1113), and MTR Corp (HKG:0066) have raised the prices of their recent projects between 6.5% and 10% recently, The Standard said.

However, some developers are also offering discounts on their units as well, the publication noted.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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