Showing posts with label
Cheung Kong Property Holdings.
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Showing posts with label
Cheung Kong Property Holdings.
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Recently, South China Morning Post reported Cheung Kong Property Holdings, one of Hong Kong’s largest real estate
developers, has received 50 per cent fewer registrations for the latest
phase of its Ocean Pride apartments in Tsuen Wan, even it sold 95% of available units. A sign that
buyers are staying by the sidelines while the world’s hottest
residential market appears to be losing heat.
Daily chart.
Related post, Demand cools for Ocean Pride apartments, even as Cheung Kong sells 95 per cent of available units
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Cheung Kong Property Holdings, one of Hong Kong’s largest real estate
developers, has received 50 per cent fewer registrations for the latest
phase of its Ocean Pride apartments in Tsuen Wan, in another sign that
buyers are staying by the sidelines while the world’s hottest
residential market appears to be losing heat.
Up to 6,500 people registered their interest to buy 412 units in the
complex, ranging from 497 square feet to 1,163 sq ft, or an average of
16 buyers for every available unit. That’s 50 per cent fewer than the
previous phase of Ocean Pride offered for sale in May, when 14,500
buyers registered for 496 units, or an average of 29 buyers for every
unit.
More news, Demand cools for Ocean Pride apartments, even as Cheung Kong sells 95 per cent of available units
Related post, Is Hong Kong’s property market heading for its biggest crash since 1997 ?
Source :
1) www.scmp.com
If history is any guide,the long queues of property buyers at Hong
Kong’s Tsuen Wan residential project last weekend could be the harbinger
of a bubble in the world’s most expensive housing market.
Hundreds of buyers packed into Cheung Kong Property Holdings' sales office, vying to get a unit at the Ocean Pride project built by Li Ka-shing, the city's wealthiest businessman whose property projects had long stood for appreciating value.
They were willing to ignore record-level prices and mortgage rates that had just been raised the night before by four of the city's largest banks.
More news, Is Hong Kong’s property market heading for its biggest crash since 1997 ?
Source :
1) www.scmp.com
