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2005-5-30 09:44:00 a.m. HKT, XFNA
Hong Kong's Henderson Land, partner sell 200 flats over the weekend - report
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HONG KONG (XFN-ASIA) - Henderson Land Development and partner SEA
Holdings sold about 200 flats over the weekend at its Royal Green residential
project in Sheung Shui, New Territories, the South China Morning Post
reported, citing real estate agents.
The report did not say how many units the companies were aiming to sell.
It was the first project to be launched to the market since local banks
raised their prime lending rates by 50 basis points effective May 23.
Agents said the sale of the flats at 3,128 to 4,000 hkd per square foot
showed that the rate hike had been discounted by the market.
They noted though that many potential homebuyers remained cautious.
(1 usd = 7.8 hkd)
jun.concepcion@xfn.com
jc/mas
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