As the market shows signs of cooling, Hong Kong developers lower prices to tempt buyers
Hong Kong's largest developer, Sun Hung Kai Properties, has been lowering its prices for residential units to tempt buyers, as the city's active property market shows signs of starting to cool down.
Hong Kong's most expensive residential site in history sold for HK$25.16 billion (USD$3.2 billion)
Sun Hung Kai Properties (SHKP) outbid local developers and won government tender for the New Kowloon Inland site at Kai Tak for a total of USD$3.2 billion.
