Hong Kong developers ready new home launches amid forecasts of muted price increases

Some of Hong Kong’s largest developers, including Sun Hung Kai Properties (SHKP) and Wheelock Properties, are set to release new units in residential projects this month amid an expected cooling of price increases. SHKP, the city’s largest developer in terms of market capitalisation, released the price list for 120 units at its Garden Regency project in Kam Tin North in the New Territories on Tuesday. With maximum discounts of 16 per cent, the flats, ranging between 289 sq ft and 412 sq ft in...

By Cheryl Arcibal