Wing Tai Properties (0369) has generated HK$1.64 billion from the sales of 302 flats at OMA by the Sea in Tuen Mun. Wing Tai executive director Chung Chi-lam, said the group is considering reducing the discounts. Chung said the national security law would not impact Hong Kong's housing market, and that home prices would fluctuate by about 10 percent due to a shortage of supply. He said emigrants may not be willing to sell the properties in Hong Kong as they may miss out on potential returns from rising home prices.

Source: The Standard June 11, 2020 08:48 UTC