Property News · April 29, 2020

Coronavirus disrupts Hong Kong’s property industry as construction on 90 per cent of projects delayed


The Covid-19 outbreak has thrown a spanner in the works of Hong Kong’s property industry. The delivery of at least 1,900 homes to buyers will be delayed, while some developers risk losing hundreds of millions of dollars in booking sales, as the pandemic disrupts construction activity in the city due to supply shocks and a slow down in government approvals.The completion date for Wheelock Properties’ Malibu project in Lohas Park, Emperor International’s Seaside Castle in Tuen Mun and a joint…

Source : South China Morning Post
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