Hong Kong developers disappointed over weekend sales

No unit has been sold.

According to Nomura, without any new launch, developers failed to sell any unit over the past weekend.

Currently, the supply of new flats remains limited with only three projects on the market - HK Ferry’s Green Code in Fanling, Sino Land’s The Avery in Kowloon City, and Swire Prop’s Dunbar Place in Homantin. 

Here's more from Nomura:

So far, over the past one month since the introduction of the new pre-sale regulation, developers have cleared 69 units. 

Looking ahead, as the re-launch of the 516 units at HLD/NWD’s The Reach in Yuen Long was postponed, HLD reportedly started to prepare the re-launch of High West in Western District. Launched last year at an average price of HKD14,000psf (GFA), the single block building provides some 130 small-sized units.

Less than 20 units remain unsold. Also, Far East uploaded the sales brochures of Sevilla Crest in Sham Shui Po. The sales of its remaining 53 units at the 83-unit development will be launched in the coming weeks.