SHKP tweaks project design again as Hong Kong’s housing flat line shows no pickup in sight

Quick Summary:

The move by Hong Kong’s most valuable developer could herald more delays, as the discount war among competing builders gathers momentum amid deteriorating sales.

SHKP, an industry bellwether in the market, said a redesign would require it to resubmit its paperwork to the government for approval before construction can begin anew.

New residential projects in Tuen Mun and Kai Tak, with abundant land supply, have been aggressively slashing prices to attract buyers.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Salina Li

Category: Business

Markets: Hong Kong

Topics: Project Shkp Developer Holdings Tuen Construction Land Hong Site Homes Sales

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-29 @ 18:40:45 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 625 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 30 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 21822427

View Article Analysis

About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 14 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 2 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions