Property News · August 14, 2018

Hong Kong developer Wheelock sees cloudy second half as rate rise and trade war ripple through market


Hong Kong property developer Wheelock and Co expects headwinds in the second half as a sluggish stock market, rising interest rates and uncertainties from the US-China trade war bite, after it reported record sales of properties in the first six months.
The company rode a boom in the city’s property market in the first half of the year, with 2,021 residential units sold or pre-sold, translating into sales revenue of a record HK$23.4 billion (US$3 billion), more than double the figure in…

Source : South China Morning Post
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