Thousands of potential home buyers visited new projects in Hong Kong over the weekend due to possibly cheaper mortgages, discounts, and pent-up demand, The Standard reported Monday.
Grand Seasons, Phase 12C of Wheelock and MTR's (HKG:0066) co-development Lohas Park, saw 1,000 visitors during the weekend, the report said.
The project released its model apartments during the first week of 2025, the report said.
The market also witnessed stored-up interest as no new projects had been introduced since Wang On Properties (HKG:1243) launched 101 Kings Road in mid-November, according to the report.
Wang On's shares fell 6% during Monday's afternoon trading, while MTR's shares slid 2%.
(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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