Impact of Discounts on Homebuyers in Hong Kong Real Estate Market

Tuesday, 30 April 2024, 00:30

In the latest development, Hongkongers are showing less interest in buying homes due to the price hikes in new property launches. Analysts caution against the surplus stock in the market impacting potential price increases. Amidst this, Great Eagle Holdings has introduced a higher price list for an additional 150 units at its Onmantin project, prompting concerns for the real estate sector.
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Impact of Discounts on Homebuyers in Hong Kong Real Estate Market

Homebuyers in Hong Kong

Hongkongers have become cautious about purchasing homes in light of recent price escalations in new property launches. Analysts have identified a surplus in the market that could hinder any potential price gains.

Great Eagle Holdings Announcement

The news comes after Great Eagle Holdings revealed a new price list for 150 more units at its Onmantin project.

Analysts' Warning

  • Concern: The market may be oversaturated with housing stock.
  • Conclusion: This could impede any significant price increases.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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