Selling Rates in Hong Kong's New Residential Projects Sharply Declines in October
According to JLL's Residential Sales Market Monitor released this week, the first-day sell-through rates for newly launched mass residential projects (where over 80 units were launched in the first batch of sales) dropped significantly in October 2018. Figures from JLL research showed that the first-day sell-through rates for newly launched mass residential projects averaged out to only 51% in October, compared to an average of 97% in January to September this year.