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Market Focus

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The price of secondary market in Heng Fa Chuen tended to fall

Teddy Chan, Centaline's supervisor at Heng Fa Chuen Branch, said that up to now the asking price of this estate only declined by 10 to 15% even though the unstable economic condition deteriorated the property market in Hong Kong. For the reason that se

Chan said that although the buying sentiment of the market was still weak, the number of viewers in the property market had risen according to the scenario last weekend. Besides, few transactions were completed by the company within 10 days. Up to now

He added that the secondary market of Heng Fa Chuen was dominated by ended-users. High-quality units of this estate was supported by the market. With reference to the latest record, there were about 400 flats being for sales in the secondary market.

11 November 1997

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