Hong Kong's homebuyers are buying more new apartments as the market for second-hand flats is cooling down due to the new mortgage rules, The Standard reported Tuesday.
Several companies, including Hang Lung Properties (HKG:0101), Great Eagle Holdings (HKG:0041), and MTR Corporation (HKG:0066), are selling new apartments, usually with some discount. While sales are in the secondary market, the publication noted that the prices are usually down.
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