Market Chatter: Hong Kong Developers Raise Prices Ahead of Budget Speech

MT Newswires Live02-25

Hong Kong's major developers increased the prices of their new homes ahead of the city's budget address Wednesday, according to a Tuesday report by The Standard.

CK Asset's (HKG:1113) prices for a fifth batch of units for its Blue Coast II project in Wong Chuk Hang increased 2% to an average of HK$22,781 per square foot compared with the previous list, the report said.

Henderson Land Development's (HKG:0012) price list for its Eight Southpark project is 7% higher at an average of HK$18,652 per square foot compared with the previous list, 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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