Thursday 4 March 2021
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scmp - 10 days ago

Desperate UK developers offer ‘red packet’ promotions of zero stamp duty, discounts, and free furniture to entice Hongkongers looking to relocate

UK property developers, desperate to bounce back from a dismal year of sales, have been offering a broad range of incentives to attract international buyers. Some took advantage of the Lunar New Year period to see if the Chinese tradition of “lai see” would bring them a much-needed change of fortune.Barratt Developments, the UK’s biggest home builder, was among those to offer what they billed as “red packet” or lai see incentives to try to entice buyers from mainland China and Hong Kong.The…


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