No Data
New World Development Company Limited's (HKG:17) Market Cap Touched HK$19b Last Week, Benefiting Both Private Companies Who Own 45% as Well as Institutions
Hong Kong property stocks surged, Wharf REIC (01997) rose nearly 6%, interest rate cuts boosted trading of new properties.
Most Hong Kong property stocks are rising. As of the time of writing, Wharf REIC (01997) is up 5.94% at HKD 22.3, while New World Dev (00017) is up 4.52% at HKD 7.63.
Ricacorp Properties: There were 2,558 transactions for second-hand private residential properties in Hong Kong last month, with a stable market. The market is expected to remain under pressure and shrink in the future.
Chen Haichao, head of Lijiagge Real Estate Research Department, said that the cooling effect of the Hong Kong property market has been offset by the high interest rate environment, and the second-hand market is still unlikely to improve temporarily due to the new low-priced properties competing for customers. The market is expected to remain under pressure and stagnant.
New World Development Releases Results of Tender Offer
New World Files for Hong Kong Listing of $400 Million 8.625% Bonds Due 2028
Hong Kong Shares Rise, Tracking Wall Street Rebound -- Market Talk
No Data
