Hong Kong developer to offer 300 homes at 50% discount to market price By Reuters

December 6, 2021 admin Stock News 0

© Reuters.

HONG KONG (Reuters) – Hong Kong property developer New World Development said on Monday it will sell 300 new homes at a discount of roughly 50% to the market price in the city’s first subsidised private housing project.

As part of a move to provide more affordable housing in one of the world’s most expensive property markets, New World said it will require a downpayment of just 5% of the unit price.

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