Ricacorp Offers HK$228K Travel Vouchers for Kai Tak Completed Project
AM730 · 1 SOURCES1 day ago4 MIN
Summary
Ricacorp Properties has unveiled a National Day purchase promotion for the completed Victoria Harbourfront (維港．灣畔) development in Kai Tak, offering UK travel vouchers to attract buyers during the holiday period. The promotion provides HK$38,000 in travel vouchers to each of the first six purchasers, with a total value of approximately HK$228,000. The company's director cited supportive monetary policy and recent government initiatives to boost population growth as positive factors for the housing market.
Key Points
- The promotion applies to the Victoria Harbourfront project, jointly developed by China Overseas Development, Wharf Holdings, Henderson Land, and K. Wah International
- The offer runs from September 28 to October 7, covering the National Day holiday period
- Each of the first six buyers receives UK travel vouchers valued at approximately HK$38,000
- The completed project spans four phases with a total of 2,060 residential units
- Eric Tsui Chi-hua, Ricacorp Properties Director, noted that Hong Kong's decision not to follow the US Federal Reserve's rate hike has supported market confidence
Why It Matters
The promotion reflects intensifying competition among property agents to capture buyers during the National Day period, a traditionally active season for Hong Kong's property market. With the government implementing policies to encourage births and attract talent, developers of quality completed projects are well-positioned to benefit from rising housing demand driven by population growth and the wealth effect from a stable interest rate environment .
The promotion reflects intensifying competition among property agents to capture buyers during the National Day period, a traditionally active season for Hong Kong's property market. With the government implementing policies to encourage births and attract talent, developers of quality completed projects are well-positioned to benefit from rising housing demand driven by population growth and the wealth effect from a stable interest rate environment .