The main business of Hutch is not property development so it is understandable for Hutch to sell all units asap to lower cost.
In addition if Hutch still holds the remaining units after completion they have to pay Rates and Government Rent for these units. If they sell these units now they can charge management fees after completion.
Most importantly Hutch really need cash (for 3G and other projects).
[quote:984a35c818="Ha&Kui"]The main business of Hutch is not property development so it is understandable for Hutch to sell all units asap to lower cost.
In addition if Hutch still holds the remaining units after completion they have to pay Rates and Government Rent for these units. If they sell these units now they can charge management fees after completion.
Most importantly Hutch really need cash (for 3G and other projects).[/quote]