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<HK Home>'KT Marina' Sells 31 Flats So Far since Last Fri, Cashing in ~$200M
K. WAH INT'L (00173.HK), Wheelock Properties and CHINA OVERSEAS (00688.HK) launched the “Opportunity Payment Plan” for some of the units of their joint project, KT ...
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<HK Home>'KT Marina' Sells 31 Flats So Far since Last Fri, Cashing in ~$200M
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K. WAH INT'L (00173.HK)  +0.020 (+1.212%)    Short selling $131.55K; Ratio 15.636%   , Wheelock Properties and CHINA OVERSEAS (00688.HK)  +0.240 (+2.243%)    Short selling $16.63M; Ratio 18.750%   launched the “Opportunity Payment Plan” for some of the units of their joint project, KT Marina, in Kai Tak. Tony Wan, K. WAH INT'L's Director, Sales & Marketing (Hong Kong Properties), said the project has sold 31 units since last Friday, cashing in nearly $200 million. He reiterated that the group could only offer a limited number of discounted units as it was “not counting on the cost but only seeking to cover cost”.

Ricacorp Properties launched an exclusive home purchase offer for Ricacorp customers. From now until September 30, buyers who purchase any first-hand unit of KT Marina through Ricacorp Properties will be entitled to a “7-Day Maple Viewing Trip for 4 Persons to Tohoku, Japan”, with a quota of 3 on a first-come, first-served basis, and a total value of about $150,000 for the offer.

Related NewsCICC: CN Potential Adjustment in Short-to-medium-term Home Policy May Bring Some Trading Chances; CHINA RES LAND, CHINA OVERSEAS Preferred Among H-shrs
Willy Liu, CEO of Ricacorp Properties, said that the market unanimously expects the U.S. Federal Reserve to announce an interest rate cut in the middle of next week and kick off the rate cut cycle. With the lowering of bank interest rates, it will be conducive to the inflow of more capital into the property market, which will in turn bring about a boom in the property market. KT Marina will definitely become the top choice of users and investors.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-09-17 16:25.)

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