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With unsold stock of between 16,000 and 18,000 units, and new supply in the pipeline, about 45,000 new flats are likely to become available this year, says CBRE, roughly four times the number that sold in 2022.
Readers discuss a new policy to ensure an adequate vaccine supply for Hong Kong, and the mask mandate.
As soon as China reopened its border on January 8, business of Vietnam and China turned busy again after a nearly three-year disruption due to the COVID-19 pandemic.
Although the economy was forecast to continue facing difficulties and challenges in 2023, there were silver linings to pin hope on, experts said.
While the border closure put travel opportunities on hold, it also stalled plans for Hong Kong to build closer links with the Greater Bay Area. The challenge now is to strike a workable balance between prosperity and pandemic prevention.