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<HK Home>Grand Jete Phase 1 Sells 2-Bedroom Unit for HKD5.1M; CK ASSET's Moni Yeung Expects Annual Home Prices to Rise 10%
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CK ASSET (01113.HK) sold another two-bedroom unit at Grand Jete Phase 1 in Tuen Mun today (16th) through tender. The transaction period was 180 days, and a selling price of HKD5.1 million translated to about HKD11,038 per square foot. Moni Yeung, Assistant Chief Manager, Sales at CK Asset Holdings, said she expects Hong Kong's property market to trend upward steadily in the Year of the Horse, while home prices will record a 10% increase for the year. As the prolonged low-interest-rate environment has created situations where buying is cheaper than renting, coupled with the wealth effect from a buoyant stock market, confidence among homebuyers and investors has been boosted, prompting many to enter the market, Yeung explained. AAStocks Financial News |
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