Hong Kong Tycoons Are Selling Super Call Options: Shuli Ren

Do people see residential property as a utility or an investment? Hong Kong’s property tycoons are racing to find out.

Consider Uptown East in Kowloon Bay, developed by Wong Sun Hing Ltd. Its latest pre-sales pitch included a so-called “super flex stage payment plan”, where buyers only need to put down 5% deposit, with the rest to be paid upon completion, expected in 2025. This payment plan was not available earlier this month. Last week, Wong Sun Hing and its partner New World Development Co. sold 50 of the latest 132 units on offer in the first 30 minutes ...