HK’s sky-high property prices prove resilient in face of protests

  • 📰 thenewpaper
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

HONG KONG While months of protests in Hong Kong have scared away tourists, sent jitters across the financial centre and cast a dark cloud over the local economy, there is one thing residents of the city are confident they can bank on - sky-high property prices. Home prices...

As Hong Kong gears up for yet another anti-government protest on Oct 1 - the 70th anniversary of the founding of the People's Republic of China - there was scant sign that such a prospect of further violence had dampened demand.

"The political environment is shakeable, but I am pretty sure the property market is unshakeable," said office assistant Candy Lau, 32, as she queued for an HK$8 million, 273 sq ft, one-room apartment in the development by Sun Hung Kai Properties, Hong Kong's largest developer by market value. A traditional belief in bricks and mortar investment and a history of strong returns from property has helped Hong Kong home buyers keep the faith.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines