Midland Holdings, Hong Kong’s only listed property agency, said on Thursday that a sustained wave of emigration could threaten the development of the city, its economic recovery and the housing market.The agency reported a return to profit following a recovery in Hong Kong’s housing market. For the six months ending on June 30, its net profit amounted to about HK$176 million (US$22.6 million), compared to a loss of about HK$24 million in the same period last year, according to a filing made…
Source : South China Morning Post
Read more…Midland, Hong Kong’s only listed property agency, warns that emigration could threaten economic development and housing market
