Hong Kong developers are gradually raising prices amid increasing confidence in the outlook of the city’s housing market following a slew of measures that have caused buyers to step into the market.
The batch of 50 units will have an average price of HK$15,440 (US$1,987) per square foot after discounts, 3.7 per cent higher than the HK$14,888 in the first list. Echo House is a joint development with the Urban Renewal Authority.
“The transaction volume of new properties has significantly increased, showing robust performance with buyers actively entering the market. Developers are in a position to implement slight price increases.”
The price of the first 50 units of Echo House released last week was the lowest in the district since 2016, when Henderson Land launched its Park One project at HK$13,000 per square foot, according to property agents.
