COMMERCIAL PROPERTY | Staff Reporter, Hong Kong

Sun Hung Kai Properties hiked Cullinan West flat prices by 11%

This is just within four days.

South China Morning Post reported that Sun Hung Kai Properties (SHKP) has raised the launch price of a batch of apartment units by 11 per cent within four days, in what’s probably the most extreme display of price elasticity among Hong Kong’s property developers.

Up to 123 units of the second batch of Cullinan West apartments, atop West Rail’s Nam Cheong Station in Kowloon, were released for sale on Tuesday at an average price of HK$21,055 (US$2,711) per square foot after discounts, or 11 per cent more than the HK$18,998 per square foot average in the first batch of 210 units.

View the full report here.

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