SHK forecasts rise in property prices
04-12-2008
Sun Hung Kai expects to generate an income of HK$16 billion from the sale of homes this year despite sluggish transactions. The property developer also expects prices to climb five percent. Speaking at a news conference after the company's annual general meeting, Sun Hung Kai vice chairman Raymond Kwok said property prices had recently stabilised. He said he was confident about the medium-term prospects for the market.
