Sino Land (0083) – June 27th Focus
Sino Land should be a focus stock tomorrow because of the surprisingly good sale of its latest project in Olympic Station – The Hermitage. This sale is particularly symbolic as this is the first major “sale before finishing” after the government announced more regulations for primary real estate sale.
According to today’s Apple Daily (June 26), there were a few groups of mainland investors snapping up a few units each. But most of the sales are by real users as around 80% of the buyers chose to start mortgage immediately to receive the 5% discount from the developer.
I never thought Olympic Station could go above $10000 per square foot. Seems like real estate in prime location still has very high demand.
Do keep an eye on this stock tomorrow!
