Property News · April 8, 2020

Developers target Hong Kong buyers for overseas property, as local dollar becomes Asia’s strongest currency amid coronavirus pandemic


Property developers are targeting buyers from Hong Kong for their overseas projects from Sydney to London, hoping to garner sales in the city with the best performing currency in Asia amid the coronavirus pandemic.Revenue from overseas home listings increased by 50 per cent in the first quarter from a year ago, according to Hong Kong-based online property portal Spacious. Such listings have risen by 15 per cent to 20 per cent every month on its website, it said.The Hong Kong dollar has traded…

Source : South China Morning Post
Read more…Developers target Hong Kong buyers for overseas property, as local dollar becomes Asia’s strongest currency amid coronavirus pandemic