Market Chatter: Sun Hung Kai Properties Sells More Apartments Amid Property Rush

MT Newswires Live10-14

Sun Hung Kai Properties' (HKG:0016) Cullinan Sky property saw 232 of its 238 apartments sold on Saturday, the South China Morning Post reported the same day.

About 40% of those who bought properties at the site in West Kowloon are from mainland China, the SCMP said.

The units have floor areas of up to 655 square feet and are priced up to $14.1 million, the report said.

Lower interest rates and better stock market performances contributed to the brisk sales, 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.)

Price (HKD): $85.10, Change: $+0.50, Percent Change: +0.59%

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