When the real estate market is bad, buyers will complain about everything during the property handover. This brings me to the most pressing issue in the real estate world today; China’s Evergrande Group’s (Evergrande) potential collapse. When the 2019-2020 Hong Kong protest (also known as Anti-Extradition Law Amendment Bill Movement) erupted, many with the government of the day blamed the Hong Kong youths as unpatriotic, unappreciative and hateful. Unlike Singapore, the affordable housing schemes in Hong Kong is far from comprehensive due to the expensive land cost which is part of a key revenue stream for the Hong Kong government. Although we are witnessing real estate companies venturing globally to foreign markets, at the end of the day, real estate is still a localised industry.

Source: The Star September 18, 2021 01:35 UTC