Hong Kong developers rediscover pricing power amid firmer demand

Prices for some new homes in Hong Kong have rebounded by as much as a third from the housing market’s lowest level a few years ago amid robust demand, according to analysts. Developers have priced new units this year in Tseung Kwan O, Wong Chuk Hang and Tai Wai between 7 and 36 per cent higher than those sold in the same projects or in the same districts in previous years, data tracked by JLL showed. The consultancy said that on average, prices for the first sales in new developments this yea...

By Cheryl Arcibal