The market, which is expected to post over Dh100 billion in sales through more than 30,000 transactions in first quarter, will sustain steady increase in transactions and prices throughout the year
Hong Kong has identified more than 20,000 hotel rooms for quarantine accommodation, leader Carrie Lam said on Friday, as property developers piled in to support the global financial hub’s battle to curb a surge in Covid-19 cases.
Lam said 21 hotels had expressed interest in turning their facilities into isolation venues, exceeding “by a large margin the government’s original target of 7,000 to 10,000 rooms”.
Quarantine facilities in Hong Kong have reached capacity and hospital beds are more than 90 per cent full as cases spiral, with some patients, including elderly, left lying on beds outside in chilly, sometimes rainy weather.
Sun Hung Kai Properties (SHKP) said late on Thursday it could provide 1,000 rooms in two hotels for isolation facilities and would broadcast a government promotional video on vaccine passports in its major malls.
New World Development said it planned to provide around 700 rooms, while Henderson Land Development said its founding Lee family would donate HK$10 million ($1.3 million) to send anti-epidemic materials to elderly homes, among others.
The moves come as Hong Kong authorities report new cases have multiplied 60 times so far this month, and after Chinese President Xi Jinping said the city’s “overriding mission” was to stabilise and control the outbreak.
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“President Xi Jinping’s important instructions to support Hong Kong’s fight against the epidemic, and mobilisation of relevant central departments to help Hong Kong, have given a confidence boost to all Hong Kong people,” SHKP Chairman Raymond Kwok said in a statement late on Thursday.
The government said the Dorsett Tsuen Wan hotel in the city’s northern New Territories region would provide accommodation from Friday for people who tested positive for Covid-19 but had no or mild symptoms.
The market, which is expected to post over Dh100 billion in sales through more than 30,000 transactions in first quarter, will sustain steady increase in transactions and prices throughout the year
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