Market Chatter: More Apartments in Hong Kong Hit Market Following Rate Cut

MT Newswires Live10-02

Following the reduction of interest rates in Hong Kong, more developers in the city have rolled out new apartments for sale, The Standard reported Wednesday.

Emperor International's (HKG:0163) One Jardine's Lookout will launch 20 apartments on Friday for as low as HK$3.6 million per unit after discounts, the report said.

Wong Sun Hing's Uptown East will sell 89 new apartments with the lowest-priced unit at HK$5.1 million after discounts, the report said.

Sun Hung Kai Properties' (HKG:0016) Cullinan Sky received 10,000 checks for 304 apartments on Monday, the report said.

(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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