Hong Kong Developers Under Pressure to Cut Prices Amid SlowdownBy
Developers offering buyer incentives including iPhones, wine
The city's home prices have dropped 11 percent since September
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.
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