New World posts a third sell-out weekend in Tai Wai as buyers rush to park their money in flats amid era of low interest rates

//New World posts a third sell-out weekend in Tai Wai as buyers rush to park their money in flats amid era of low interest rates

New World posts a third sell-out weekend in Tai Wai as buyers rush to park their money in flats amid era of low interest rates

Hong Kong’s homebuyers packed a real estate developer’s showroom over the weekend to snap up hundreds of new flats, as assurances of low interest rates by monetary authorities drove them to seek sanctuary in fixed assets.New World Development said it sold all 337 flats at Phase II of The Pavilia Farm project in Tai Wai in the New Territories, for a haul of HK$3.4 billion (US$438 million) within nine hours.The weekend’s haul puts New World on track to generate HK$10 billion in receipts from The…

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By | 2020-11-07T12:41:32+00:00 November 7th, 2020|Business|Comments Off on New World posts a third sell-out weekend in Tai Wai as buyers rush to park their money in flats amid era of low interest rates