Hong Kong homebuyers flock to rare bargain amid depressed market

Government land sale falters as high interest rates wither purchasing appetite

20230907 Hong Kong Property

Hundreds of Hong Kong homebuyers flock to a rare bargain sale offered by CK Asset's latest residential project, "The Coast Line II," in early August. (Photo provided by CK Asset)

PEGGY YE, Nikkei staff writer

HONG KONG -- While Hong Kong's property market has slowed down considerably in recent months, thousands of homebuyers flocked to local malls in the past few weekends trying to grab new homes at seven-year bargain prices.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.