Property News · March 5, 2020

Hong Kong outlook ‘pathetic’, ‘dire’ in near term, mall and hotel operator Wharf REIC says as it reports drop in revenue, profit


Hong Kong shopping centre and hotel operator Wharf Real Estate Investment Company (Wharf REIC) said on Thursday the outlook for the city’s economy was “pathetic” and “dire” in the near term.“We feel Hong Kong is pathetic in the short term. It could take three months, six months or even nine months [for the Covid-19 outbreak to subside and the city’s economy to bottom out], but we have no idea,” Stephen Ng, the company’s chairman and managing director, said during its annual results briefing. …

Source : South China Morning Post
Read more…Hong Kong outlook ‘pathetic’, ‘dire’ in near term, mall and hotel operator Wharf REIC says as it reports drop in revenue, profit

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