Market Chatter: Kerry Properties Sells Out 250 Units in Yuen Long Project; Shares Rise 5%

MT Newswires Live02-24

Kerry Properties (HKG:0683) sold all of its 250 units at its Hava project in Yuen Long, Hong Kong, The Standard reported Sunday.

The sale is the highest in 10 months, and could indicate market recovery before the city's budget announcement for 2025, the report said.

The units were sold at roughly between HK$2.7 million and HK$5.1 million, or between HK$8,898 and HK$13,558 per square foot after discounts, according to The Standard.

Shares jumped 5% during Monday's afternoon trading.

(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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