Hong Kong property developers dismiss investor confidence fears over national security law clauses in land sale documents
- Land tender documents found to have clauses to warn potential buyers of disqualification for national security breaches
- But real estate association says no objections registered from members and move would not affect bidding
Hong Kong property developers have dismissed fears about a drop in investor confidence after the authorities added national security clauses to land sale documents.
The document warned potential buyers they could be disqualified if they engaged in activities that endangered national safety or affected public order.
Stewart Leung Chi-kin, chairman of the executive committee of the Real Estate Developers Association, said he had heard no objections from members, despite there being no consultation on the change.
“The latest practice will not have an impact on a developer’s desire to tender for land or not,” he told the Post. “It will not scare away foreigners who are true investors, but only those that hope to disturb and obstruct the city’s development with political motives.”
