Subsidised complex turns itself into a gated community
New York
THE instinct to shun and exclude comes all too naturally in the human spirit - the boy bullied by his brother at home arrives at school ready to menace; the billionaire locks himself in his tower among his own tribe; one group, trounced by the ruling order, finds another on which to enact a misguided revenge.
As Jacob Riis observed in How the Other Half Lives, his classic documentation of 19th-century slums on the Lower East Side of Manhattan: "The once unwelcome Irishman has been followed in turn by the Italian, the Russian Jew and the Chinaman and has himself taken a hand at opposition, quite as bitter, against these later hordes."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Airbnb promises to combat sex work in rentals during Paris Olympics
Hong Kong property deals hit three-year high in April
More homes planned in Media Circle to support housing demand
Qatari Sheikh sells London mansion to fellow royal for £39 million
Toronto home sales fall for third month in April; prices rise
Far East Shopping Centre owners in private talks after close of S$928 million en bloc tender