Oddbean

Buoyant primary market stifles secondary sales ========== Hong Kong's primary housing market maintained its momentum over the weekend with brisk sales at Onmantin in Ho Man Tin and The Yoho Hub II in Yuen Long. Phase IIB of Onmantin sold 202 out of 248 flats on offer. El Futuro in Kau To Shan recorded 10 deals over the mainland's five-day May Day holiday. Wheelock Properties sold 12 homes at the Seasons series in Lohas Park. Chinachem's luxury project Victoria Coast sold a home by tender for HK$30 million. Sun Hung Kai Properties received more than 3,600 checks for 282 flats in the price lists of The Yoho Hub II. Henderson Land Development opened the new sales center and show flats for Gateway Square Mile in Mong Kok. Weekend transactions at 10 major housing estates fell 27 percent to eight over the previous week. Louis Chan Wing-kit of Centaline Property Agency said attractively priced new homes on the market and adverse weather impacted secondary sales. Hong Kong Property Services reported only two deals at blue-chip estates, down by 78 percent. #HongKong #HousingMarket #PrimaryMarket #SecondarySales https://www.thestandard.com.hk/section-news/section/2/262495/Buoyant-primary-market-stifles-secondary-sales