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scmp - 13 days ago

Hong Kong homebuyers enter the market, as developers dangle discounts to end nine weeks of slumping property sales

Hong Kong’s homebuyers came off the sidelines to nibble at more than 200 flats offered at two projects, as developers slashed prices to end nine consecutive weeks of sales flops.Sun Hung Kai Properties (SHKP), the city’s most valuable developer, managed to sell 103 of 200 flats offered in the first batch of the second phase of its Wetland Seasons Park project in Tin Shui Wai as of 7:30pm after cutting prices by up to 18 per cent. Easyknit International found buyers for eight of 26 units at The…

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