Developers switch strategy on sales

Hong Kong's big property developers are expected to speed up the sale of their investment properties and mainland projects in a bid to counter the impact of slackening demand for housing in the city, analysts say.

Sales of new homes plunged this month, with just 50 deals made in the wake of measures aimed at curbing demand and price growth in the market.

Sales were also affected by the introduction from April 29 of new rules on marketing materials.

via Business feed http://www.scmp.com/business/article/1246817/developers-switch-strategy-sales