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Sharp Decline in Transactions at Sui Hong Court

There were only 4 transactions at Sui Hong Court up to 20th this month, a sharp decline compared to the 17 cases in July. The average price maintained at $1,586 per sq.ft.

Ms. Holly Chan, Sales Manager of Centaline's Sui Hong Court branch, indicated that the market at Sui Hong Court was affected by the joining of younger home ownership housings into the secondary market this June. She believed that the price had to be down adjusted to $1,200 to $1,300 per sq.ft. for more support.

Source of information: The Sun

August 27, 1999