HK's property developers are locked in a price war as measures to cool its expensive real estate markets force them to impose discounts to hit sales targets.» Read More
Peter Churchouse, Chairman & MD, Portwood Capital says the appointment of Adam Kwok, the son of Thomas Kwok, and Edward Kwok, the son of Raymond Kwok as alternate directors to their fathers will cast some doubt for investors.
While the corruption case against the joint chairmen of Asia’s biggest developer Hong Kong’s Sun Hung Kai Properties will lead to share price volatility over the next 12 months, analysts say the company remains a buy based on its high-quality asset base and solid income stream.
Shares of Sun Hung Kai Properties, Asia’s largest real estate developer, tumbled 12 percent on Friday after the company’s billionaire owners were arrested on suspicion of corruption.
Asian markets fell on Wednesday after China's central bank raised interest rates for the second time in just over six weeks to rein in stubbornly high inflation. Chinese property and resource counters remained under pressure.
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CNBC asked the pros for their investing advise in this kind of market. Here's a sampling of what they had to say.
Real estate is not dead -- even in the United States. Ritson Ferguson, manager of the ING Global Real Estate Fund, offered CNBC his favorite global real estate stocks.