"Demand for property is still very strong," said Sammy Po, the chief executive officer of Midland Realty International Ltd's residential department. "Because of the social events, some people are saying they'll emigrate. For those staying, they still have to buy a home.
Within a few hours, developer Three Tops Ltd had offloaded almost three-quarters of the 53 mainly one-bedroom units on offer, helping to push sales of new apartments over the weekend to the most since late August. The demand - even after months of anti-government protests that have tipped Hong Kong's economy into recession - is testimony to the strength of the city's real estate sector. Embattled Chief Executive Carrie Lam last month announced plans to help first-time homebuyers break into what is the world's least-affordable property market - a move some analysts say will only send prices higher.
"Demand for property is still very strong," said Sammy Po, the chief executive officer of Midland Realty International Ltd's residential department."Because of the social events, some people are saying they'll emigrate. For those staying, they still have to buy a home."At least 200 people were arrested and more than 70 injured over the weekend as protesters blocked roads and vandalised public facilities.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessTimes - 🏆 15. / 51 Read more »