Demand cools for Ocean Pride apartments, even as Cheung Kong sells 95 per cent of available units

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