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















