China stocks enter bear market as demand, property woes persist
Published 14 h ago2 sourcesEvidence: Reported
Sun Hung Kai Properties sold all 128 flats in the latest phase of its Sierra Sea project in Hong Kong's New Territories, with units offered at discounts ahead of a possible US Federal Reserve rate increase. The strong take-up suggests resilient local housing demand despite rate-hike expectations, though the discounting indicates developer caution. The outcome signals near-term stability in Hong Kong's property market, with implications for local developers and mortgage demand.
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