Sino Land sells all 238 flats at Lohas Park in three hours as buyers rush to get ahead of rising mortgage rates

Sino Land sells all 238 flats at Lohas Park in three hours as buyers rush to get ahead of rising mortgage rates

South China Morning Post - Hong Kong·2022-06-30 17:01

All 238 flats at Sino Land ’s Villa Garda I project at Lohas Park in Tseung Kwan O were sold by noon, a spokeswoman said

The entry price was HK$6.2 million (US$790,000) for a unit measuring 329 square feet (30.6 square metres)

Hong Kong’s homebuyers snapped up every flat on sale within three hours during a new launch, taking advantage of the breather offered by the city’s banks as they kept prime rates unchanged after the latest round of global rate hikes.

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