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Hong Kong's financial budget proposal is expected to bring positive news, leading to a new round of rising waves in the real estate market.
The Chief Executive of the Residential Division of Midland Realty, Bu Shaoming, stated that the market is looking forward to Hong Kong's new Budget.
Market Chatter: New World Picks Three Banks to Refinance Over HK$58 Billion Debt
S&P: It is expected that the rental prices for Class A office buildings in Hong Kong will decline by 8-10% this year.
Standard & Poor's published a report stating that office rents in Hong Kong are expected to continue declining this year, and valuations will follow suit. Major real estate developers holding Grade A office properties will face the impact of property valuation adjustments.
Strong Week for New World Development (HKG:17) Shareholders Doesn't Alleviate Pain of Five-year Loss
Market Chatter: New World Increases Prices for Apartments in State Pavilia Project
New World Development Unit Sells 2 Residential Flats to Chairman's Spouse