20 August 2019

Aircraft incident may affect Malaysia property, paper says

Security concerns raised by the disappearance of a Malaysian Airlines jet could affect Chinese investment in the Southeast Asian country’s property market, National Business Daily reported Tuesday, citing a senior executive in Synergy Capital. Flight MH370 went missing Saturday with 239 passengers and crew on board headed for Beijing. Several Chinese developers, including Country Garden (Holdings) Ltd. (02007.HK) and Greenland Holding Group, have put more than 50 billion yuan (US$8.14 billion) into the market to build for and sell to Chinese buyers. But others say the low frquency of such incidents means Chinese demand for overseas homes for immigration, education and asset protection will not disappear, the report said.

– Contact HKEJ at [email protected]



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