Hong Kong property sales more measured as interest rate increase looms

Hong Kong property sales more measured as interest rate increase looms

Hong Kong Monetary Authority warns public to beware of interest rate uncertainties

Agents said 30 of the 75 units put on sale at Phase 4B of La Montagne at the Southside project at Wong Chuk Hang MTR station sold on Thursday.

The two-bedroom units had saleable areas ranging from 484 to 546 sq ft, with prices starting at HK$13.4 million (US$1.7 million) after discounts.

Agents said five units were sold at One Victoria Cove Phase 4 in Hung Hom. The two- to three-bedroom units ranged in size from 338 to 585 sq ft. With maximum discounts, the flats were priced between HK$6.88 million and HK$13.52 million, with per square foot prices of HK$19,589 to HK$23,105.

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