Hong Kong – Developers switch strategy on sales
Big builders to focus on selling investment properties and mainland projects after new rules cause sharp fall in HK housing deals
Monday, 27 May, 2013, 4:41am
Sandy Lisandy.li@scmp.com
The outlook for luxury homes is expected to remain grim following the introduction of new rules and property taxes. Photo: Bloomberg
Hong Kong’s big property developers are expected to speed up the sale of their investment properties and mainland projects in a bid to counter the impact of slackening demand for housing in the city, analysts say.
Sales of new homes plunged this month, with just 50 deals made in the wake of measures aimed at curbing demand and price growth in the market.
Read more: http://www.scmp.com/business/article/1246817/developers-switch-strategy-sales
Posted on 27/05/2013, in Hong Kong and tagged Asia, Business and Economy, China, Hong Kong, hong kong investment, hong kong property, hong kong real estate. Bookmark the permalink. 2 Comments.
Boom Town Asia 
Pretty! This was an extremely wonderful post. Thanks for
supplying these details.
Pingback: Hong Kong – Predictions of a huge price fall have been wildly exaggerated | Boom Town Asia