Sun Hung Kai’s Cullinan Sky sees another weekend of brisk sales
==========
On 12 October 2024, Sun Hung Kai Properties sold 140 out of 238 flats at Cullinan Sky Phase 1 in Kai Tak, driven by interest rate cuts and stock market improvements; prices ranged from HK$4.786 million to HK$14.12 million (US$615,900 to US$1.1817 million); 40% of buyers were mainlanders; 40% of buyers were investors; the project attracted 38,100 prospective buyers; the Hong Kong Monetary Authority followed the US Federal Reserve's 50 basis point rate cut; over 2,000 new flat transactions are expected in October; the Hang Seng Index fell over 9% recently, adding uncertainty to the market.
#HongKong #RealEstate #PropertySales #SunHungKai #CullinanSky #InterestRates #StockMarket #EconomicStimulus #MainlandBuyers #Investors
https://www.scmp.com/business/companies/article/3282120/sun-hung-kais-cullinan-sky-sees-another-weekend-brisk-sales-rate-cut-and-stock-rally?module=top_story&pgtype=subsection
South China Morning Post /
npub1x2…knuvq
2024-10-12 09:49:45
Author Public Key
npub1x2q0x7w5tqx0x3j9tdvkvqmetarpr8axhpjq7qw5xxrcysdwtrzssknuvqPublished at
2024-10-12 09:49:45Event JSON
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"content": "Sun Hung Kai’s Cullinan Sky sees another weekend of brisk sales\n==========\n\nOn 12 October 2024, Sun Hung Kai Properties sold 140 out of 238 flats at Cullinan Sky Phase 1 in Kai Tak, driven by interest rate cuts and stock market improvements; prices ranged from HK$4.786 million to HK$14.12 million (US$615,900 to US$1.1817 million); 40% of buyers were mainlanders; 40% of buyers were investors; the project attracted 38,100 prospective buyers; the Hong Kong Monetary Authority followed the US Federal Reserve's 50 basis point rate cut; over 2,000 new flat transactions are expected in October; the Hang Seng Index fell over 9% recently, adding uncertainty to the market.\n\n#HongKong #RealEstate #PropertySales #SunHungKai #CullinanSky #InterestRates #StockMarket #EconomicStimulus #MainlandBuyers #Investors\n\nhttps://www.scmp.com/business/companies/article/3282120/sun-hung-kais-cullinan-sky-sees-another-weekend-brisk-sales-rate-cut-and-stock-rally?module=top_story\u0026pgtype=subsection",
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