Property News · July 23, 2019

Violence in Hong Kong’s Yuen Long casts long shadow over property projects in New Territories


Mob violence in areas such as Yuen Long will affect demand for new projects in the northern New Territories of Hong Kong, with sales expected to drop 20 per cent this month, Centaline Property Agency said on Tuesday.The number of new homes sold will decline to about 1,200, the agency said. “If social events, such as protests, are happening, their impact is unavoidable,” said Perry Fong, Centaline’s senior sales director. “There is a psychological impact in the short term.”Ryan Ku, client…

Source : South China Morning Post
Read more…Violence in Hong Kong’s Yuen Long casts long shadow over property projects in New Territories

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