The market has accepted up to 5% price hikes.
According to The Standard, in the primary market, Cheung Kong Property has warned that it would raise prices in several projects as the market has accepted well a 3 to 5 percent hike in prices.
Cheung Kong Real Estate director William Kwok Tsz-wai said several deals had been recorded in several of the group's new projects, including the Zumurud, Stars By The Harbour and La Mansion. The transactions are "a signal that the market accepts the magnitude hike," he said.
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