More than one million people took to the streets to demonstrate against a controversial extradition law proposal in Hong Kong on Jun 9, 2019. (Photo: AFP/Dale De La Rey)
On 9 June 2019, Hong Kong woke up to a mass demonstration of gigantic proportion as a reported number of more than one million people took to the streets of Hong Kong to strongly protest against the government’s proposal to change extradition laws to allow a controversial extradition bill that would enable China to extradite fugitives from the city to be tried in mainland China.
In what could be the largest demonstration since the city's handover to China in 1997, organizers claim more than one million protesters took to the streets of Hong Kong in an attempt to stop the erosion of the nation's democratic system of free speech.
Described as one of the largest and most unified protests ever witnessed in the world in more than a decade, the massive march prompted rallies in solidarity in at least 29 cities around the world.
In what could be the largest demonstration since the city's handover to China in 1997, organizers claim more than one million protesters took to the streets of Hong Kong in an attempt to stop the erosion of the nation's democratic system of free speech.
Described as one of the largest and most unified protests ever witnessed in the world in more than a decade, the massive march prompted rallies in solidarity in at least 29 cities around the world.
The government has defended its bill and vow to move ahead tabling the contentious measure for a second reading in the Legislative Council on June 12 despite the unprecedented demonstration.
The protesters included young families pushing babies in prams as well as wheelchair bound elderly all braving a hot day under 32 degree Celsius heat, with many being their first protest march. It was the time such a diverse crowd is witnessed in a demonstration in Hong Kong as opposition to the bill has united a broad range of the community, from usually pro-establishment business people and lawyers to students, pro-democracy figures and religious groups. Insurance agents, executives and small entrepreneurs joined bus drivers and mechanics in the streets on Sunday.
The demonstration capped weeks of growing outrage in the business, diplomatic and legal communities, which fear corrosion of Hong Kong's legal autonomy and the difficulty of ensuring basic judicial protections in mainland China.
The protesters included young families pushing babies in prams as well as wheelchair bound elderly all braving a hot day under 32 degree Celsius heat, with many being their first protest march. It was the time such a diverse crowd is witnessed in a demonstration in Hong Kong as opposition to the bill has united a broad range of the community, from usually pro-establishment business people and lawyers to students, pro-democracy figures and religious groups. Insurance agents, executives and small entrepreneurs joined bus drivers and mechanics in the streets on Sunday.
The demonstration capped weeks of growing outrage in the business, diplomatic and legal communities, which fear corrosion of Hong Kong's legal autonomy and the difficulty of ensuring basic judicial protections in mainland China.
Freehold luxury condominium at Everton Road in Spottiswoode area near District 2 Tanjong Pagar CBD
Investors who are looking to invest in Hong Kong are now trying to find a safe investment haven to either other parts of Asia or Europe - property owners in Hong Kong are also looking to divest their property investment risks overseas in other parts of Asia where the political climate is more stable with clear direction for growth.
Property in Singapore is also expected to attract overseas buyers who fear the uncertainty of Hong Kong's political and financial future. This unexpected spike of property-buying foreigners could be a "wildcard" who could boost the total number of property transactions in the near future.
"We may see an increase in demand for freehold properties in District 01, 02, 09, 10 and 11 especially for new launch freehold apartments in the CCR like Sky Everton (District 02) or even 99 years leasehold One Pearl Bank due to its rare location being on top of a beautiful hill as Hong Kong buyers value hilltop homes," said Kiwi Lim (Huttons Asia), he also noted that overseas buyers may also tend to prefer the progressive payment system available for new launches.
Property in Singapore is also expected to attract overseas buyers who fear the uncertainty of Hong Kong's political and financial future. This unexpected spike of property-buying foreigners could be a "wildcard" who could boost the total number of property transactions in the near future.
"We may see an increase in demand for freehold properties in District 01, 02, 09, 10 and 11 especially for new launch freehold apartments in the CCR like Sky Everton (District 02) or even 99 years leasehold One Pearl Bank due to its rare location being on top of a beautiful hill as Hong Kong buyers value hilltop homes," said Kiwi Lim (Huttons Asia), he also noted that overseas buyers may also tend to prefer the progressive payment system available for new launches.
One Pearl Bank is Capitaland's new iconic condo development - a 774-unit twin towers on top of Pearl's Hill
According to the Master Plan 2030, an additional 3,000ha of land is available and is planned for residential use by 2030, therefore the Ministry of National Development (MND) has put in place a land-use plan which will cater for the longer-term growth in Singapore's population.
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