Henderson offers 63 flats in Eight Southpark at discount amid warming Hong Kong market
Hong Kong property developers are increasingly offering new projects at discounted prices to capitalize on improving market sentiment amid a significant supply glut. Henderson Land Development, for example, is selling the first units of its Eight Southpark project in Kowloon City at an average price of HK$17,388 per square foot, approximately 10% cheaper than comparable properties in the area.
This trend follows New World Development's successful sale of all units at its State Pavilia project after pricing them at a substantial discount, energizing buyers and signaling a potential market upturn. Other developers like Wang On Properties are also offering significant discounts, with their Coasto project in Ap Lei Chau priced 36% lower than a comparable project launched last year. The recent surge in Hong Kong’s Hang Seng Index has further incentivized buyers to enter the property market.
via SCMP Full Text Feed
Hong Kong property developers are increasingly offering new projects at discounted prices to capitalize on improving market sentiment amid a significant supply glut. Henderson Land Development, for example, is selling the first units of its Eight Southpark project in Kowloon City at an average price of HK$17,388 per square foot, approximately 10% cheaper than comparable properties in the area.
This trend follows New World Development's successful sale of all units at its State Pavilia project after pricing them at a substantial discount, energizing buyers and signaling a potential market upturn. Other developers like Wang On Properties are also offering significant discounts, with their Coasto project in Ap Lei Chau priced 36% lower than a comparable project launched last year. The recent surge in Hong Kong’s Hang Seng Index has further incentivized buyers to enter the property market.
via SCMP Full Text Feed
