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HongKong: Walter Kwok bearish on property

Posted on 26 October 2011

The Hong Kong property market is likely to remain sluggish until global economic uncertainties clear up, the former chairman of Sun Hung Kai Properties said. “In the short run, the property market remains news sensitive. Europe is still going through ups and downs,” said Walter Kwok Ping-sheung, who is now a non-executive director of SHKP.

But local developers remain robust. Cheung Kong (Holdings) (0001) said it booked at least HK$5.4 billion by selling 900 units at La Splendeur in Tseung Kwan O………………………………………..Full Article: Source


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