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The market will be keen to see how it prices its new project in Wong Chuk Hang, as this could give ‘direction’ to Hong Kong’s recovering housing sector, analysts said.
‘As a developer you want your money back as soon as possible, and also to get a profit,’ an expert says. It’s advice the flagship developer of billionaire Li Ka-shing has long held close to its heart.
Tens of thousands of people queued for hours on Saturday to get their hands on something unseen for seven years in Hong Kong: new flats on offer by one of the city's most renown developers at prices last recorded in 2016.
Ares Ssg: The deal has attracted attention as one of the largest transactions in distressed assets, because of debt of marquee real estate projects on sale.
The deal has attracted attention as one of the largest transactions in distressed assets, because of debt of marquee real estate projects on sale.