Sun Hung Kai’s Cullinan Sky Drives Real Estate Sales in Hong Kong
Saturday, 12 October 2024, 09:06
Sales Performance of Cullinan Sky
Sun Hung Kai Properties’ Cullinan Sky Phase 1 has experienced another weekend of brisk sales, attracting homebuyers as interest rate cuts and a boosting stock market enhance market sentiment in the real estate sector.
Effective Marketing Strategy
- 140 out of 238 flats were sold by 4 PM.
- Prices ranged from HK$4.786 million to HK$14.12 million.
- Attracted over 38,100 prospective buyers before the sales event.
Influence of Economic Factors
Federal Reserve’s recent interest rate cuts have reinvigorated buyer interest. Sammy Po Siu-ming noted a remarkable response with repeated inquiries from previous clients.
Investor Trends
- 40% of buyers were mainland residents.
- Investors made up around 40% of the buyers.
- New transactions are expected to surpass 2,000 in October.
This momentum follows the quantitative easing initiatives by economic authorities, enhancing overall confidence and sales activity.
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.