Property 

Sun Hung Kai’s hotel, shopping mall businesses take a drubbing as tourist numbers plunge amid Hong Kong protests

John Hu, founder and principal consultant of John Hu Migration Consulting, says it is not simply a matter of buying a property and then getting a passport. Luxury villas at Limassol Marina, in the city of Limassol, Cyprus – a nation that has no language test for citizenship applicants. Most countries – apart from Cyprus and Bulgaria – have a language test for citizenship applicants, Hu says. Some specify a waiting time before applying, or require foreign owners who are seeking citizenship to live in their home for a certain…

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Yuen Long clashes cast pall over Sun Hung Kai’s weekend home sales even as Great Eagle’s project drew buyers with cheaper prices

A weekend apartment sale by Sun Hung Kai Properties flopped in Kam Tin near the scene of violent clashes between the police and protesters, as nearly two months of incessant public unrest left their impact on Hong Kong’s real estate.Sun Hung Kai sold only seven of 145 units of its Park Yoho Napoli project in Kam Tin, a mere 3 kilometres from Yuen Long, where tens of thousands of protesters marched today in protest against a July 21 mob attack on commuters. Police fired tear gas to disperse… Source link

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Hong Kong’s property bull run takes a surprise break as Sun Hung Kai’s Park Yoho Napoli flats in Yuen Long fail to sell out

The bull run in Hong Kong’s residential property market took an unexpected break on Saturday when a weekend launch by the city’s biggest developer failed to sell out.Sun Hung Kai Properties (SHK) sold 17 of the 144 flats at the Park Yoho Napoli project on Castle Peak Road in Yuen Long as of 3:30pm, according to sales agents, adding that very few more are likely to find buyers. Prices started from HK$17,307 per square foot before discounts of up to 21 per cent.In its rush to get Napoli – the……

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