Hong Kong developer LOFTER Group achieved remarkable sales results after the government axed all property cooling measures

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HONG KONG SAR – Media OutReach Newswire – 10 April 2024 – LOFTER Group (the Developer) has achieved remarkable sales results in its latest real estate development, Elize PARK. The Developer has witnessed an overwhelming response from buyers, with over 50% of the units being sold within a span of just one month after the Hong Kong government’s announcement to lift all cooling measures in stamp duty. Among the transactions made, the unit rate ranged from HK$22,125 to HK$29,025 per square feet, which outperformed other developments with similar offerings at the same time. The encouraging sales results came after the favourable government policy on stamp duty coupled with the Developer’s market positioning and sales strategy.