Road King Infrastructure's (HKG:1098) newly-launched apartments at its Mori project in Tuen Mun are priced at an eight-year low of HK$9,175 per square foot, The Standard reported Monday.
The average price is 17% below that of the first batch released in September, the report said.
Meanwhile Wing Tai Properties (HKG:0369) sold one apartment at 1,161 square feet through bidding for HK$13.6 million at HK$11,714 per square foot, 40% lower compared with similar-typed apartments three years ago, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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