Heavy rain puts a damper on buyer interest in second stage of The Uppland in Tuen Mun, say agents

Quick Summary:

Heavy rain in Hong Kong, and the start of the Paris Olympics, meant less incentive for buyers to view flats on sale in the New Territories on Saturday.

Some 97 of 139 flats on offer were sold by 2pm Saturday, according to real property agents.

As buyers increasingly anticipate interest-rate cuts by the US Federal Reserve in mid-September, Hong Kong’s property market may see some relief.

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Article Details

Author / Journalist: Mia Castagnone

Category: Business

Markets: Hong KongTaiwan

Topics: Heavy Cent Residential Property Hong Rain Uppland Sales Units Coast Flats

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-27 @ 17:01:14 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 569 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21790285

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