Property News · August 23, 2018

Hong Kong’s third-richest man, Lui Che-woo, joins the chorus of warnings about the property market


Hong Kong’s third-richest man has a word of warning for property buyers in the world’s least affordable city to own a home: By all means get something to live in, but do not be sucked into speculation.
Lui Che-woo, chairman of developer K Wah International Holdings, said on Wednesday that the US-China trade war and the Hong Kong government’s policy aimed at curbing prices would cause a lot of uncertainty.
“It is fine to buy home for self use. But for speculation, it is…

Source : South China Morning Post
Read more…Hong Kong’s third-richest man, Lui Che-woo, joins the chorus of warnings about the property market