• 11/29/2024

Hong Kong sees record 6 failed land tenders as elevated interest rates, depressed home prices dampen demand for new plots, Colliers says

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

The city saw a record six failed land tenders this year as high interest rates, a sluggish economy and complex development requirements diminished developers’ appetite to acquire new plots, according to Colliers.

https://www.scmp.com/business/article/3243391/hong-kong-sees-record-six-failed-land-tenders-elevated-interest-rates-depressed-home-prices-dampen?utm_source=rss_feed