Yuen Long clashes cast pall over Sun Hung Kai’s weekend home sales even as Great Eagle’s project drew buyers with cheaper prices
- Sun Hung Kai Properties managed to sell seven units out of 145 flats on offer at its Park Yoho Napoli project in Kam Tin, a mere 3km from Yuen Long, where police fired tear gas to disperse an estimated 100,000 protesters marching through the suburb
- Great Eagle sold all of the 238 flats at its Ontolo project in Pak Shek Kok, sales agents said
Sun Hung Kai sold only seven of 145 units of its Park Yoho Napoli project in Kam Tin, a mere 3km 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 protesters.
Escalating social unrest is increasingly testing the sentiment in Hong Kong’s housing market, the least affordable in the world.
Demonstrations have sprang up in all corners of the city – including the airport – over the past seven weeks, initially triggered by the government’s push for a controversial bill that would allow extraditions to mainland China. Protesters have broadened their demands to universal suffrage from the withdrawal of the bill.
Yuen Long’s unrest was ignored in Pak Shek Kok in the eastern part of the New Territories, where Great Eagle sold all of the 238 flats on offer in the first batch of its Ontolo project, according to sales agents. Henderson Land Development was also selling 20 units at South Walk Aura in Aberdeen on the southern edge of Hong Kong Island. Sales data were not immediately available.
