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HK’s first property launch of 2018 sets record-breaking tone despite city’s effort to dampen the market

Hong Kong’s first property launch of the year went off swimmingly for everyone but city authorities. The launch of Sun Hung Kai Properties’ St. Barths complex sold all 118 units amid tough competition over each apartment — up to 18 bidders were entered for some properties — with final sales being about 17 percent higher than second market prices, reported the South China Morning Post. The launch sale set a new price record for the […]

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