Hong Kong-on-Thames lies in not-too-distant future

Sun Hung Kai Properties

13/04/2021 09:32

(The author is a Reuters Breakingviews columnist.  The opinions
expressed are her own.)
    By Karen Kwok
    LONDON, April 13 (Reuters Breakingviews) - Real estate
tycoons from the former British colony are rushing to build new
homes in London. They appeal to Hong Kong residents taking up UK
visas, and offer a better return on investment than at home.
It’s a bold bet on the capital’s pandemic-afflicted property
market.        
    Full view will be published shortly.
    On Twitter https://twitter.com/karenkkwok
    
    CONTEXT NEWS
    - The British government on April 8 pledged 43 million
pounds ($59 million) to help people arriving from Hong Kong find
jobs, houses and schools. 
    - As of March 19, 27,000 Hong Kong citizens have applied for
the UK scheme which offers a pathway to British citizenship. The
Home Office projects that as many as 460,000 Hong Kong holders
of a British National (Overseas) passport could apply for a UK
visa in the four-year scheme.
    - In July 2020 CK Asset, founded by Hong Kong tycoon Li
Ka-shing, received the green light to start work on a 1 billion
pound project to build 3,500 new homes in Deptford, southeast
London.
    - In 2018, Hong Kong-listed property developers New World
Development and Sun Hung Kai Properties bought sites in
Greenwich and Canary Wharf respectively, with plans for
high-rise residential projects. 
    - According to Liber Research Community, developers from
Hong Kong and China have announced more than 30 projects since
2019 to build about 54,000 homes in the United Kingdom. Those
developers include Hong Kong-listed Far East Consortium,
Guangzhou R&F Properties and Shenzhen-listed China Vanke.
    - For previous columns by the author, Reuters customers can
click on  KWOK/ 
 

    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Home Office impact assessment    https://www.legislation.gov.uk/ukia/2020/70/pdfs/ukia_20200070_en.pdf
Liber Research Community map, in Chinese    https://www.google.com/maps/d/u/1/viewer?fbclid=IwAR0dseViIgWF7o4ZBUstpljNi8do2zCbXuF6vRWxmbm9GpgmCMmqVFEqENA&mid=19RYq3aWVfMe9ono6J-fbVMtm5WMM5xno&ll=51.607086286671105%2C-0.030572536780022475&z=9
Liber Research Community list, in Chinese    https://docs.google.com/spreadsheets/d/1mcLlO5TMtkPon8_pRHKMKXlZkkiu1aIx2W1NpNsjo64/edit?fbclid=IwAR1dXGaCVSgw8nl_se2aOx6l7H4sRwRdf6a1e8paaUB5BbGjqN4bh0POmAo#gid=0
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
 (SIGN UP FOR BREAKINGVIEWS EMAIL ALERTS http://bit.ly/BVsubscribe
 | Editing by Peter Thal Larsen and Oliver Taslic)
 ((karen.kwok@thomsonreuters.com; Reuters Messaging:
karen.kwok.thomsonreuters.com@reuters.net))