Sluggish Sales for Wheelock's Park Seasons Flats in Hong Kong Leave Buyers Uninterested

Quick Summary:

Home purchases in Hong Kong are slowing down after an initial spate of enthusiasm sparked by the government’s rollback of cooling measures in February.

The average price of the units, which start at 283 square feet, rose marginally from the previous batch by 0.5 per cent to HK$15,122 per sq ft.

The developer sold 126, or about three quarters, of the 168 flats on offer last month at Park Seasons on the first day of sale.

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Article Details

Author / Journalist: Cheryl Arcibal

Category: Business

Markets: Hong KongChinaMacau

Topics: Million Property Flats Cent Hong Park Units Buyers Kong Month Sold

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-25 @ 18:30:07 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 655 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 28 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 21082927

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