Market Chatter: Hong Kong Home Buyers Purchase Multiple Properties Per Transaction

MT Newswires Live12-17

Hong Kong's property market saw individual owners purchasing more than one unit per transaction, The Standard reported Tuesday.

China Overseas Land & Investment's (HKG:0688) Twin Victoria sold three apartments to a single purchaser for HK$33.3 million, the report said.

Among the units sold was a three-bedroom unit worth HK$16.6 million, or HK$27,966 per square foot, a new record high, the report said.

The Double Coast I project by four developers, including Wheelock Properties and Henderson Land (HKG:0012), sold 10 units worth HK$66.2 million to a single owner, 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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