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PR Newswire
04-11-2013, 04:01 PM
The demand is there. I assume Singapore has the similar demand, although it is mitigated by HDB supplies...
Long queues for HK luxury homes amid talk of last hurrah
HONG KONG — In a shopping mall in one of Hong Kong’s prime retail districts, more than 100 people wait patiently to take a lift to the sales floors — not to buy luxury bags or clothes, but high-end apartments with price tags of up to US$4.4 million (S$5.5 million).
Mr Foster Lee, a 30-year-old banker, was among the lucky ones who won the chance to buy a unit after a ballot in which more than 1,600 people signed up for just 80 luxury units on offer.
“I was expecting home prices to fall four years ago and they keep increasing. It really hurts,” said Mr Lee, who plans to buy one of the flats offered by New World Development and Wheelock in the prime location near Kowloon West for his family.
Signs on the ground point to a clear pick-up in demand from local and Chinese buyers, thanks in part to steep discounts offered by developers to offset higher stamp duties imposed a year ago to cool prices that have jumped 120 per cent since 2008.
...
http://www.todayonline.com/world/asia/lo...ast-hurrah
Long queues for HK luxury homes amid talk of last hurrah
HONG KONG — In a shopping mall in one of Hong Kong’s prime retail districts, more than 100 people wait patiently to take a lift to the sales floors — not to buy luxury bags or clothes, but high-end apartments with price tags of up to US$4.4 million (S$5.5 million).
Mr Foster Lee, a 30-year-old banker, was among the lucky ones who won the chance to buy a unit after a ballot in which more than 1,600 people signed up for just 80 luxury units on offer.
“I was expecting home prices to fall four years ago and they keep increasing. It really hurts,” said Mr Lee, who plans to buy one of the flats offered by New World Development and Wheelock in the prime location near Kowloon West for his family.
Signs on the ground point to a clear pick-up in demand from local and Chinese buyers, thanks in part to steep discounts offered by developers to offset higher stamp duties imposed a year ago to cool prices that have jumped 120 per cent since 2008.
...
http://www.todayonline.com/world/asia/lo...ast-hurrah
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
