An uptick in mainland Chinese demand for property in New York City could soon be dampened by new legislation in the United States that supports Hong Kong’s protest movement. The passage of the Hong Kong Human Rights and Democracy Act has created further uncertainty for investors as the US. However, not everyone believes it will have an impact. “New York is one of the few cities that can hover above much of the current geopolitical chaos. It is unaffected by Brexit, the Hong Kong protests, or the trade war,†said Georg Chmiel, executive chairman at property portal Juwai.
