Hang Lung’s Chan Says Hong Kong Property Healthiest in 25 YearsFrederik Balfour
Hang Lung Group Ltd.’s Ronnie Chan said the property market in Hong Kong is the “healthiest” he’s seen in 25 years.
A price decline of 10 percent to 20 percent in Hong Kong’s real estate market is “no big deal,” Chan, chairman of Hang Lung, said in an interview on Monday with Bloomberg Television.
Chan also said the property market in mainland China is getting “healthier and healthier,” after data showed that home-price gains are spreading to more Chinese cities, especially smaller ones.
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