Advertisement
Hong Kong developers Sino Group, NWD delay home sales amid grief over Tai Po fire
Developers defer sales of a total of 213 units in Yau Tong and Yau Ma Tei scheduled for Friday
Reading Time:2 minutes
Why you can trust SCMP
Hong Kong developers have postponed property sales scheduled for Friday as the city mourns the deaths of dozens of residents in a devastating fire that broke out in Tai Po.
Sino Group and New World Development announced on Thursday that the sale of 150 units at One Park Place in Yau Tong and 63 units at the Austin Bohemian project in Yau Ma Tei, respectively, would be deferred.
Both Sino Group and NWD did not disclose the reason for the postponement or when sales would be rescheduled.
Advertisement
Meanwhile, DBS Bank (Hong Kong) said it would donate HK$10 million (US$1.29 million) to Hong Kong Red Cross to help affected families and postponed its annual company dinner on Friday, according to an internal memo seen by the Post. The company was collaborating with venue AsiaWorld-Expo to distribute food for the dinner – which was for 4,000 staff – to affected families.
“We should recognise the sombre mood of the public and we must prioritise providing aid to impacted communities,” the memo sent by CEO Sebastian Paredes said.
Advertisement
The announcements came a day after a massive blaze broke out in seven of eight buildings at Wang Fuk Court in the northern New Territories.
Advertisement
Select Voice
Choose your listening speed
Get through articles 2x faster
1.25x
250 WPM
Slow
Average
Fast
1.25x