Rare price cut for Ma Tau Kok flats - The Standard
Lai Sun Development (0488) and the Urban Renewal Authority have reduced prices on eight flats at a Ma Tau Kok project, 93 Pau Chung Street, by about 3.8 to 10 percent.
This is first in recent times! Is it that start of a new trend?
This is different from normal discounts offered by developers on listed prices.
This reduction is on listed priced with earlier discounts being the same.
"The bill, mostly welcomed by lawmakers across Hong Kong’s political spectrum except by the pro-business lobby group, was snared in a vetting process in the local legislature last week due to filibustering by opposition lawmakers, becoming the fourth piece of legislation that failed to be enacted into law."
The unintended consequences of all the chaos in Legco - they ran out of time to complete the legislative vetting before the end of the current Lego's term.