• 11/26/2024

Hong Kong property: developers give land for starter homes in Tsuen Wan the cold shoulder as market struggles with high rates, low demand

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

The tender for a plot of land in the western New Territories earmarked for almost 2,000 starter homes for middle-class families attracted just one bid on deadline day, as Hong Kong’s property market creaks under the weight of high interest rates and subdued sentiment.

https://www.scmp.com/business/markets/article/3231559/hong-kong-property-developers-give-land-starter-homes-tsuen-wan-cold-shoulder-market-struggles-high?utm_source=rss_feed