However, new residential launches were still warmly received.
Monthly home sales fell 6% to 5,289 sold units in September, according to JLL’s Property Market Monitor.
However, secondary sales volume rose 15.7% MoM.
New launches were still positively received with 90% sold units from Sun Hung Kai Properties’ ‘Wings at Sea’ in LOHAS Park whilst all 185 units were sold at URA’s and Cheung Kong Property’s ‘My Central’ in two weeks.
A house at the luxury Mount Nicholson was also sold at a record-breaking $1.16b in November, fetching $126,825 per square feet, setting a record high for a house transaction.
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