HK will survive protests: ARA chief
It has long had a strong focus on capitalism, pragmatism; protestors will soon run out of resources and energy
"THE overall picture doesn't look good for Hong Kong" with ongoing protests that began in early June over the extradition bill broadening to other political and social grievances, ARA Asset Management group chief executive John Lim said Thursday.
"The Hong Kong economy will slow down and for sure the tourists will stay away," he said at a luncheon by Asia Pacific Real Estate Association (APREA). Mr Lim is also chairman of the industry association.
"I believe Hong Kong will survive given the traditional strong focus on capitalism and pragmatism and soon protestors will run out of res…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
DBS puts 46 retail units, HDB shops on market for S$210 million
US mortgage rates jump above 7% for the first time this year
Far East Shopping Centre back on market at unchanged S$928 million asking price
London mansions sold at 30% discount spell gloom for luxury market
Delfi Orchard up for collective sale at S$438 million guide price
US existing home sales drop in March; median price increases