Hong Kong’s developers blame violent acts of anti-government protesters for worsening economic slump and erosion of city’s values
- Real Estate Developers Association urges everyone to ‘actively communicate in rational manner’ and find a way out of the current crisis
- Henderson Land Development and Hong Kong’s largest developer Sun Hung Kai Properties also urge protesters to stop violence and join dialogue
The league of Hong Kong’s real estate developers has again condemned anti-government protesters, accusing them of worsening the city’s economic slump and eroding its core values.
The second statement by the Real Estate Developers Association (Reda) on Tuesday came a day after Beijing called the escalating violence “signs of terrorism”.
“The Real Estate Developers Association of Hong Kong strongly condemns the escalating violent behaviour and vandalisation. These are eroding the city’s core values and worsening its economic downturn while threatening the safety of the general public,” read the statement that was signed by 41 developers, including all the major players and Chinese Estates Holdings, which did not join the first call for peace made by 16 firms.
“We urge everyone to actively communicate in a rational and accommodating manner and find a way out together. We also hope the government can speed up in driving economic growth and resolving long-term problems, including housing shortage, to improve citizens’ livelihood, create a flourishing economy and benefit all Hongkongers.”
