Hong Kong developers, property agents turn to virtual reality to keep sales moving as tightened social distancing measures take effect

  • Centaline expects fewer than 500 first-hand transactions in February, the lowest in 24 months, as tighter social distancing measures keep prospective buyers away
  • Henderson Land Development cancels briefing scheduled for Wednesday afternoon to announce sales details of The Harmonie residential project

Hong Kong’s property market faces testing times as property developers delay launch of new projects amid tightened social distancing measures. Photo: Xiaomei Chen

Hong Kong’s tightened social distancing measures have cast a shadow on the property market. But as new project launches are delayed because of the fifth wave of the coronavirus outbreak, real estate agencies and developers are shifting their focus online to boost sales.

Starting from Thursday, the city will impose an unprecedented ban on private gatherings of more than two households, temporarily close houses of worship and hair salons, and reduce the cap on public gatherings to just two people.

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