Henderson Land to launch 12 projects with 5,400 units this year, citing market optimism

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Property firm says housing demand is substantial and reduced rates will lead to lower mortgage repayments.

Lam said housing demand was substantial and reduced rates would lead to lower mortgage repayments, allowing more investors to enter the market.“It is expected that the first half of the year will be the starting point for the property market and it is likely that property prices will rebound from the second half,” he said, adding that the number of primary transactions was expected to reach 20,000 units this year.

In addition, a 2,060-unit development at 18 Shing Fung Road in Kai Tak would also be launched.

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Article Details

Author / Journalist: Salina Li

Category: Business

Markets: Hong Kong

Topics: Rates Units Rebound Launched Lower Road Prices Development Second Year Demand

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-04 @ 18:00:10 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 221 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 37 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 25884176

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