Hong Kong Developers Under Pressure to Cut Prices Amid Slowdown

  • Developers offering buyer incentives including iPhones, wine
  • The city's home prices have dropped 11 percent since September

Hong Kong Developers Under Pressure to Cut Prices

Hong Kong’s developers are offering enticements from iPhones to wine coupons to counter the slowest home sales in at least 25 years, to no avail. Their options are now narrowing down to the one they’ve desperately sought to avoid: price cuts.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.