With the intensification of market competition, the real estate developer of Hong Kong's richest man, Li Jiacheng, has reduced the price of some houses in Hong Kong by one -third.
Bloomberg reported that Changshi was discounted 28 houses in Lyos real estate in New Territories.In a statement, the company stated that the hierarchical unit (re -inflowing into the market due to the cancellation of the transaction) was reduced by up to 25%, and the duplex unit had reduced prices by up to 32%.The New Territories is located in northern Hong Kong and near China, which is near mainland China.
In the past year, the real estate market in Hong Kong has been weak. Developers have cut prices to clean up their inventory, hoping to seize the opportunity to increase demand after the property market "withdraw" earlier this year.
After the "withdrawal of spicy" at the end of February, the Hong Kong Government has led to the rise in real estate transactions. According to Bloomberg Real Estate data reports, Hong Kong's second -hand housing sales in March were about 2290 units, an increase of 23%month -on -month.
Last month, Changshi also launched a new real estate Blue Coast on Hong Kong Island, which is about 20%lower than the surrounding competitors.
Bloomberg Industry Studies stated that other developers, including Sun Hung Kai and Henderson, may follow up with Changshi's price reduction strategy.This may impact the price of second -hand housing and make the developer's profits face greater risks, because there may be more buyers who buy before discount to cancel the transaction.
