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Tuesday, Jan 26, 2021

Buyers spurn Hong Kong’s first home sale in two months, as Covid-19 outbreak adds weight to a slumping property market

Buyers spurn Hong Kong’s first home sale in two months, as Covid-19 outbreak adds weight to a slumping property market

China Evergrande sold 49 of the 141 flats on offer at Emerald Bay in Tuen Mun as at 5pm, even after the developer increased its average discount to 14 per cent. With Evergrande’s latest discounts, a 461-square foot flat originally listed at HK$9.41 million could be bought for HK$8.07 million
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