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NYC Condos Marketed in Global-Turmoil Bet by Hong Kong Developer

By Tony Seruga

Euro Properties’ $160 million project aimed at overseas buyers
Prices start at $5 million for full-floor apartments

Tumultuous stock and commodity markets are roiling investors around the globe. For Hong Kong developer Neo Que Yau, that presents an opportunity on Manhattan’s 59th Street.

“The world economy is fairly weak in general, and I think there’s a lot of room for the New York market to grow, ” said Neo, who’s building his company’s first tower in the city, and the tallest it’s ever developed. “We think there are still in-flows to the U.S., and we think it might even accentuate because of the flight to safety.”…

NYC Condos Marketed in Global-Turmoil Bet by Hong Kong Developer

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