Demand for new build property on the up in hong kong

Demand for new building property in Hong Kong is on the up, according to Knight Frank.

The consultants’ latest report shows that sales of new homes in Hong Kong outpaced sales of existing homes, as developers offer incentives to tempt buyers. In some luxury developments, incentives and discounts were both offered in a move to boost sales.

As a result, the number of deals in the re-sales market dipped in October  by 5.8 per cent from September 2013, the second lowest level so far this year.