Hong Kong Homebuyers Flock to New Projects, Shunning Used Flats [BNN Bloomberg (Canada)]
Jones Lang LaSalle Incorporated (JLL)
Last jones lang lasalle incorporated earnings: 2/11 07:30 am
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Source: BNN Bloomberg
Following the removal of property levies, developers have sped up project launches and set competitive prices to capture the increased demand. That appears to be working as Wheelock Properties Ltd. sold 368 units in just a few hours on Saturday — the best single-day sales since the tax policy change — after pricing the apartments at a discount. It's a sign that Hong Kong's property market, which has suffered from the worst slump in more than two decades, is finally seeing relief. As part of its budget released late last month, the city's government removed measures originally designed to cool an overheated market. But the strength in the primary market is also putting pressure on used homes, with transactions weakening after an early rebound. Sales at the city's ten biggest estates, which serve as a gauge for secondary market performance, declined for the second week to just 19 this weekend, according to Centaline Property Agency Ltd. “Buyers are more interested in the primary
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JLL
Earnings
- 2/27/24 - Beat
JLL
Sec Filings
- 4/12/24 - Form ARS
- 4/12/24 - Form DEF
- 4/12/24 - Form DEFA14A
- JLL's page on the SEC website