Hongkongers splash out on London property as Boris Johnson’s visa offer, weak pound buoy market

A Malaysian property developer that sold £20 million (US$25 million) worth of London property to Hong Kong buyers in May expects sales to rise further, citing a weak pound and the UK’s offer to grant up to 3 million Hongkongers the right to live and work in Britain.“It has been very encouraging for us in Hong Kong,” said Teow Leong Seng, President & CEO of Eco World International Berhad (EWI). “The present low sterling makes property prices in the UK very much more affordable for international…